Mr. Icahn might take another shot at GBX. He tried to buy it before and the Board turned down the offer. So he started up ARII. He may try to get ARII to merge with GBX. Just a theory....
I don't think oil will go to $32. It would of by now. OPEC can't handle $30 oil. Expect them to keep over supplying until a few high cost high debt yield US drillers go under then they will cut supply and oil will spike back to $60 by the end of the year. Saudi's have spend nearly all their cash reserves doing this and cannot do it for much longer. Nearly all the OPEC members need $100 oil or more to sustain their social programs.
They have no debt coming due for a few years. Suspending the div is a good move. Oil will shoot back up before the end of the year. Boon Pickens thinks so. OPEC just wants to put the high cost and high debt yield drillers ($60 and over) out of business and that will happen this fall. After that watch OPEC them cut back production and oil will spike. Oil supply/demand dynamics dosen't justify such a low oil price. There's plenty of demand at 93 mil bpd and supply is currently only 2 mil bpd over that demand. The over supply could vanish in no time. Would be different if supply was 10 mil bpd over demand but it isn't. Saudi's have nearly exhausted their cash reserves and don't want to do this much longer themselves. They are borrowing now. Also, don't be surprised is some fighting breaks out in the middle east soon over this oil price war. Iran and Russia are really #$%$ at the Saudi's.
Carl will be exporting LNG at much higher prices than the current North American NG market. Both these companies will do well. It will be an end to end business to the Port. Brilliant!
Mr. Icahn and Mr. Soros gave Mr. Ackman a chance to cover his short at around $33 a few months ago and if he didn't then he's in a whole lot of pain today.
Cramer alsways says avoid after the sector is already down. He should be saying buy. Stocks like UNP are getting upgraded because they are oversold. Rail stocks will recover into 2nd half of the year and the rail car makers will recover with them.
Why are you posting that here. GBX has locked in contracts. All rail stocks are already down so the news is built in. If anything they may jump on earnings cause they have all overshot to the down side.
It was a set up by analysts (and Stifel) who raised guidance before earnings. Then they shorted the stock on the supposed miss. Had they left guidance alone it would of beat. Investors will realize this and it will start going up. Its just one big manipulation of a small cap.
News like this on these stocks and market does nothing:
American Railcar Industries, Inc. ARII
Headquartered in St Charles, MO, American Railcar is a leading manufacturer of hopper and tank railcars in North America. Additionally, the company leases railcars to third parties, and offers railcar repair and refurbish services, fleet management, as well as engineering and field services.
• P/E: 8.73 (versus 10.44 for the industry)
• Dividend Yield: 3.23%
• This year’s expected EPS growth rate: 20.18%
• Zacks Rank #1 (Strong Buy)
GBX can manufacture any car RAIL can manufacturer. RAIL has had 5 bad quarters in a row, don't know why its even being hyped. GBX has had great quarters.