Yesterday, TRN lost a lawsuit at the hands of a scoundrel whistle blower, some guy with an ax to grind trying to recover damages for the purpose of self-aggrandizement. The judgement went against TRN, after 3:30, and the shares got slammed in very illiquid, panic-confused, trading. In the pre-market, the stock is down a little more.
Why?
Apparently, jackasses about the internet enjoy to spread rumors. Mind you, the DOJ didn’t join in this lawsuit and it will most certainly go to appeal. The so called whistle blower will see $500+ million, just as fast as AAPL will pay VHC a gagillion dollars for stealing all of VHC’s precious patents.
Here are some facts to understand, before throwing the baby out with the bathwater.
TRN has a billion dollars in cash.
TRN makes a billion dollars in pre-tax income, per annum.
TRN is a cash flow generating machine.
TRN will NEVER, EVER, pay $500+ million for guardrails that were already approved by the FHWA.
TRN lost $700 million in market cap yesterday, hardly justifiable considering this is going to appeal and judgment will not affect balance sheet in the interim.
TRN has an insurance liability converge of $500 million, potentially insulating them from any damages.
TRN has a long, rich, history of smashing analyst estimate to pieces.
With earnings scheduled to be reported on 10/29 and the stock severely discounted, if short, ask yourself: Am I feeling lucky, punk?
I am a buyer at these levels.
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It really seems like TRN should be VHC in the example.
TRN gonna get raped.
Based upon your comment–just because right?
you are a deplorable excuse for living sperm.
A Scathing attack on Prez ‘Ebola’ from Michael Savage; hilarious and 100% correct:
https://www.youtube.com/user/rightsideradio
Michael Weiner (it is tiny, Rush Limbaugh has complained) is a certified nutcase.
TRAVELBAN TRAVELBAN!
The word ‘nutcase’ is simply dismissive and a way to avoid dealing with someone’s statements. Dr. Savage or Dr. Weiner or whatever you call him is a trained Epidemiologist with a PhD. Facts are simply facts.
is it time to sell my 39.50 VXX puts?
no
Nice. Totally agreud.
Btw. I think you meant “insulating” not “insulting.”
On the other hand, one who is omnipotent has no use for grammar.
Thanks editor.
Fixed.
Anyone have a guess where MCD will be by friday?
$0
Ronald McPirate sez:
Arrrrr.
win for the fly, you buy more this am?
Once in a blue moon I get a break – GTC+ order got filled yesterday after hours at $30.90!!
Jeez kinda wish I had pulled the trigger on CMG puts, but they were pretty darn pricey.
Dr. Fly – I can only imagine your enemies are being “saluted with a shower of balls” at the present time…
What a big shift. The youth of today no longer get their daily protein from big macs and guzzle their cokes. No, they eat their all natural Chipotle meat and drink Teas Tea (filled with all manners of anti-oxidants).
It’s a shame that chipotle is such an expensive stock, though.
1929 SPX pivot time bitches
is that bullish or bearish?
It could go either way frankly up until 1955ish. I’m just playing individual stocks with a bearish slant for this quarter.
ah got it. I’m decently bullish for now — but I think german pmi could cause some jitters. As we exit October, November buybacks start + earnings were good + rates will remain low.
Tons of tail risks though, but so far they’ve been handled.
Where is that chump with UVXY in his IRA?
Day job.
Missed that fucker TRN this AM.That and GBX ARII been on my watchlist all month.Can’t buy here.Look at their betas.