GBX has a higher PE because it is strictly a railcar manufacturer while TRN has more of a diversified business. When railcar business is doing well, the higher PE is justified because the revenue streams are more predictable. When it is not doing as well, a more diversified business like TRN would support a higher multiple than GBX.
Horrible personal financial decision on their part. They could have bought much lower. How did they not see the slowdown in China paired with the stronger dollar? What happens when China slows and the dollar strengthens? They dump steel in the U.S. Makes me wonder if they can run the business effectively after making terrible personal financial decisions.
U.S. owes China too much money and Obama knows it. No way will they impose steep tariffs unless China imports are putting U.S. steel companies out of business. At this point, they are not. Seems like all that will happen is U.S. steel companies will continue to whine about dumping with nothing being done about it. Korea seems to be just as big a problem as China when it comes to dumping.
Make that back to even for the day on reporting a horrible quarter. Bottom is in. You should probably admit it.
When a quarter like this comes out and the share price doesn't get trashed, it means that a bottom is in. Even you should know that Bonanno, unless you call down 1.5% getting trashed.
Took my tax loss on this turkey. This company and stock are going nowhere but down and taking Lloyd Miller with it. Good luck to those who hold it. At some point you have to realize you made a bad investment. For me, this was definitely a big one.
Big lesson learned is if management is constantly appearing like they are hiding something, do not invest in it. If they can't answer simple questions on conference calls, do not invest in it. If management appears to have no credibility and has proven nothing, do not invest in it. I could go on, but I'll stop here. Good luck.
Apparently Wall Street doesn't want you to cure a disease. They want you to prescribe medications for the rest of the patient's life without having any real effect on the disease.
Makes no sense.
I think you are closer to target. I think a PE of around 10-12 is very realistic and conservative enough to actually be achievable. TRN should be in the same range as GBX. Right now it is at a discount, which is why I own shares of TRN. If it hits the 10-12 PE range, I will think about selling and taking my profits, hopefully around the $45- $50 a share range (bought at $28).
Agreed. Nobody buys that kind of lot unless they know something. Interesting to see if it reverses tomorrow.