Please Note: I use www.zackselite.com for my company profile and stock analysis.
Trinity Industries, Inc. (TRN: NYSE) is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company's captive insurance company, and other peripheral businesses.
TRN is trading at $13.46 as I write...which is just off it's 52-week low $9.34. The main reason I like this stock is the company is a "key" player in the windmill construction segment.
Back in September, the stock was trading near it's 52-week high of $41.15...but then it fell of a cliff with the rest of the market. With all of the issues in financing, the decling cost of oil, and political issues (Congress delayed extending the renewable energy tax credits until late in 2008), I expect we'll see some continued volatility in the stock price.
But with a new President taking office, I cam imagine a better environment for businesses in the alternative and renewable energy sectors.
Currently earning close to $4 per share, the company looks like a "decent" buy right now. It could be a little choppy, but I believe TRN is a good buy for the long-term investor.
Time will tell. Until then...I wish you profitable investing.
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Trinity Industries, Inc. (TRN: NYSE) is engaged in the manufacture, marketing, and leasing of a wide variety of products consisting of the following business segments or groups: Railcar Group, Inland Barge Group, Parts and Services Group, Highway Construction Product Group, Concrete & Aggregate Group, Industrial Group, and others. Others includes transportation services, the company's captive insurance company, and other peripheral businesses.
TRN is trading at $13.46 as I write...which is just off it's 52-week low $9.34. The main reason I like this stock is the company is a "key" player in the windmill construction segment.
Back in September, the stock was trading near it's 52-week high of $41.15...but then it fell of a cliff with the rest of the market. With all of the issues in financing, the decling cost of oil, and political issues (Congress delayed extending the renewable energy tax credits until late in 2008), I expect we'll see some continued volatility in the stock price.
But with a new President taking office, I cam imagine a better environment for businesses in the alternative and renewable energy sectors.
Currently earning close to $4 per share, the company looks like a "decent" buy right now. It could be a little choppy, but I believe TRN is a good buy for the long-term investor.
Time will tell. Until then...I wish you profitable investing.
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