That's all that counts in this market.
A 14% discount from net asset value is ridiculous. Change the rules so that this fund trades at $12.42 (Net Asset Value) rather than $10.69. It's current income yield is over 7%..
over 6% amortized monthly. And it currently has a 7% discount from net asset value. It's annual yield is currently 117% more than the annual yield on a 30-year government bond.
Investors follow the trend. They don't like the declining earnings and revenues. They don't think ARII will grow. It appears that all the trades betore 3.:51 PM were under 1000 (100 at a time) . Between 3:51 and the close there were about 40,000 shares traded in several block trades.
of less orders and declining profits. They believe that the decline in revenues and the decline in EPS from last quarter is the trend., Thus, the continuing drop in price.
Trinity Industries (TRN) Stock Spikes on Earnings Beat, Higher Guidance
8:21 am ET July 24, 2015 (S&P Capital IQ) Print
We keep our 12-month target price at $39, on enterprise value-to-EBITDA near peers. We raise our '15 operating EPS estimate to $2.55 from $2.53 and '16's to $2.62 from $2.59. T posts Q2 EPS of $0.69 vs. $0.62, beating the $0.63 Capital IQ consensus. Sales rose 1.4% and service margin trends were better than expected. We positively view 2.1M wireless subscriber additions (includes 410K postpaid and 995K connected cars) but are cautious of postpaid phone losses. We are optimistic about revenue/cost synergies from the pending DirecTV (DTV 92***) deal, which we see near completion.