It's obvious that the railroad business is extinct like the buggy and its whip, We will never again see oil and other goods shipped by rail or rail car. When oil reaches $5.00 perbbl, it won't make sense to ship by any other means, especially in two-three years when USA has self-driving trucks to match no-pilot planes.
Fornicate a company selling at 5+ times earnings and loaded with cash that constantly beats above and below lines; but, only has a two-three backlog that could last until the economy turns around in the future,
Should we go into a World recession killing USA, you should dump all equities and buy a big mattress to hide your money (dollars preferably vs Pound or Euro). Recommendation: short the living defecation out of GBX and RAIL; but certainly sell out at MARKET. Then I won't have to read STUPID posts from weak SISTERS (YES , I SAID S I S T E R S) and the hegies that mostly get it wrong and make investors suffer during their brain ferts~ bye, bye losers (not the long investors).
Thanks for posting. I'm long at 15 and watched profit disappear today. The backlog is a manageable problem/situation and, though anything is possible with Mr. Market, the company has earnings and a one year + backlog. I added to position today at 14.75 believing our economy, along with a renewed clean coal and energy business along with infrastructure will increase. Again, appreciate your post.