Earning increases and PE of 16 should do it. TRN pays a slightly larger dividend and has 800 million in cash.
TRN needs the judge to put the law suit behind them. TRN is a $70 stock that is being artificially depressed by the over hang.
Jim, I figured it was down on index selling. To me, it makes no sense for it to be down as all systems look like a go to me, but that is wall street. I think this is a big time bargain stock.
My guess is the government doesn't hammer too hard as Buffet is a rail guy
too early to say.... but this should be a flight to safety type stock as it is under valued with a huge backlog.
Probably the D A senator who knows more about crash tests and finite element analysis than Texas A&M professors.
For me the fundamentals are so good I don't see a serious sell-off unless the market just tanks.... and if I was moving money to a safer venue, I would say TRN is the place now that they have passed the crash test because it is 1/2 the price of its competitors