DALLAS (AP) _ Trinity Industries Inc. (TRN) on Thursday reported first-quarter profit of $180.2 million.
On a per-share basis, the Dallas-based company said it had net income of $1.13.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The industrial manufacturer posted revenue of $1.63 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.57 billion.
They are looking for participants to join a class action law suit based on the following.
I quote -
On April 21, 2015, the market learned that Trinity was being investigated for potentially bribing or otherwise corrupting the FHWA inquiry into the safety of the ET-Plus system. According to a report published by Bloomberg News, "federal investigators are interviewing potential witnesses about issues including Trinity's relationship with the FHWA [and] [i]nvestigators from a public corruption and special prosecutions unit of the Justice Department have subpoenaed documents from court battles involving Trinity's ET-Plus on behalf of a grand jury."
SO, their suit is based NOT on FACTS but on a report from Bloomberg. I have no idea if Bloomberg is correct or not but that sure seems (to me) to be a strange basis for a suit.
IF that's the video I am thinking of, its was REMOVED long ago.
He also braged about manipulating the pre-market to catch the suckers.
Hindsite is great. It means that as soon as a stock (that yopu have purchased) goes down a bit you sell it and then miss the potential of a rebound...hmm?