Ear to the Ground for This Rail Name
As we roll into earnings season, I find it's always insightful to listen across the food chain for insight into companies that we like, own or want to own. Many a time I have picked up investing nuggets by reading a Securities and Exchange Commission filing on a supplier or competitor to a company on which I'm positive. The only thing better than that is actually talking to the supplier or competitor, then using what's been learned to further the conversation with the company on which I'm doing my homework.
For the last several quarters, as frequent readers here have probably recognized, I have been bullish on the shares of Trinity Industries (TRN), given rebounding demand and firming industry pricing for freight cars. All in all, shares of Trinity are up 65%, including dividends, since I first recommended the shares in September 2010 -- when industry freight car backlog had bottomed and orders had started to rebound. In my view, as long as industry fundamentals remain favorable, Trinity shares have upside potential to $45....483 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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