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Non-Tech : Railroads any one want to talk Railroads
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To: John Stopforth who wrote ()8/14/1996 8:31:00 AM
From: Caroline   of 25
 
Varlen (VRLN) supports the sector with parts and such: for
both trains and trucks (I think that was darn smart, what
with the competition between those two).

52 week high: 25 9/32
8/13/96 high: 21 0/00
Dividend (annual yield): $0.33

1996 estimated earnings are expected to be up 29.9% to $2.43
(is it me or is $2.43 EPS really high for a $20-23 stock?).

I've owned since 4/1/96 and already received two stock dividends
of 10 shares each: 20%, not bad.

Some VRLN background and news:

METAL PRODUCTS. AUTOMOBILES AND PARTS. TRANSPORTATION EQUIPMENT. Varlen Corporation designs, manufactures and markets engineered
industrial products primarily for specialized applications
in the transportation and laboratory equipment markets.

==================================================
Varlen Corp., Elexor Assoc Form Rail Monitoring Sys Firm

NAPERVILLE, Ill. (Dow Jones)--Varlen Corp. (VRLN) and Elexor Associates Inc. have formed a company to develop and sell satellite-based freight-car monitoring systems for the railroad market.
Varlen has a minority equity stake in the new company.
Other details weren't disclosed.
In a press release, Varlen Corp. said the new entity,
Star Trak L.L.C., will market to class I railroads and
rail-fleet operators hardware and information services
that report data such as operational status and position-
location of freight-car fleets via satellite.
Elexor, Boonton, N.J., operates a number of prototype
monitoring devices in the industry covering every Class I
railroad.
Varlen Corp. makes precision engineered transportation
products and analytical instruments for the railroad,
heavy-duty truck and trailer, automotive and petroleum industries.

(END) DOW JONES NEWS 08-05-96
12:16 PM
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