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Strategies & Market Trends : Value Investing

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To: Graham Osborn who wrote (55588)	7/1/2015 11:51:53 AM
From: E_K_S	Read Replies (3) of 78656

Re: Trinity Industries Inc. (TRN) Graham Number Calculator says TRN 72.76% undervalued. Company has $155mln shares outstanding. A $600mln litigation settlement would represent a $3.87/share hit but they also have insurance that covers a portion of this amount. That represents 19% of stated BV (@20.00/share). It's possible we test the $22.00/share level (looking at a 5 year chart), but I plan to begin to nibble at shares at/below $25.00/share. A small position to start out with and somewhat larger if/when litigation settlement gets done (and liability is clarified). Really I am not too concerned about current litigation because stock seems to be pricing in worst case and shareholders are selling now rather than holding long term. Longer term this stock will be higher, it's just a question as to how much lower this one goes. There is a lack of buyers now but still no panic selling. We are close to multi year lows w/ Jan 2015 lows at $24.85, then next low was made 10/2013. This is a good one to keep on your candidate Buy list. EKS

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