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?
THEY are NOT "wrong". They base their calculation on the PAST year (don't account for changes in dividends during the PAST year).
That's based on the payments for the LAST year. NOT going forward. Therefore not accounting for the dividend cut.
My University of Granada Doctor's degree in B.S. tells me that all that matters today is that the PPS is up 3.9%.
The UP is that it will mean more of the older oil tank cars will be replaced sooner.
The DOWN is that it will bring out the pipe line advocates.
However, railcars are experiencing increased demand in sectors beyond oil like chemicals, grain, autos and construction materials. As a result, many railroads have increased the number of railcars and locomotives in an attempt to lessen track congestion. Earlier, Trinity had announced that it plans to deliver 8,950 cars to GATX Corp., which may further boost the company’s business.