This stock, right now, if my favorite stock in the universe. If I was to buy one stock, this would be it. Great company, maybe the best in it's niche as far as quality of product; great backlog; 80% of orders not energy related; new safety standards coming which Greenbrier is ready for.
Yes, the market seems anything but rational on this one. The stock has dropped almost 30% in the last month so an 8% miss for the quarter with no change in full year guidance makes it seem like an overreaction already. Add to that GBX has a backlog much bigger than the industry average and has bought back shares at an average price of 52.88 this past quarter and it sure seems undervalued.
This is simply a stock the market loves to hate. PE is low and revenue growth isn't what it used to be, but any other retailer would love to forecast low to mid teen growth for a coming year. The market just loves to hate this one.