A value trap can be two things. One, it can be when a stock price has come down due to reduced earnings estimates and thus greatly reduced the p/e on past earnings. The "uninitiated" then buys, thinking the stock has value, but instead has fallen into the value trap. If future earnings come in as estimated, the normal p/e returns without movement in the stock price. A value trap can also be when a company is in decline due to technological change, etc. and future earnings will be greatly reduced forever . The market knows this and gives the stock a low p/e. The "uninitiated" will again buy and fall into the value trap.
I don't think Trinity is a value trap since, in my opinion, it does not meet either of these two points. The p/e of 7 is assigned to already reduced earnings estimates and although Trinity's main business of railcars might be in for some short term turbulence, it is a business with a bright future along with Trinity's other divisions.
I always thought the reason for the merger was that DeFeo didn't want to lower earnings expectations again after keeping them too high for too long but the comment from the JP Morgan analyst lifted the veil from my eyes. DeFeo is actually looking to enrich himself at the expense of shareholders. What sort of merger leads a stock to fall to a 52 week low? A lousy one. The best thing for this company to do is cancel the merger if possible, get rid of DeFeo, and go it alone with a new CEO.
Jamesmarson or whatever your BS name is, please take your paid for tripe and shove it up your punk $ss.