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Strategies & Market Trends : Buffettology

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From: Paul Senior	1/14/2016 11:20:01 PM
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WAB: Buffett has apparently reduced his shares. Maybe eliminated them now, I don't know. With oil shipments/coal shipments down, railroad stocks have dropped quite a bit. Less shipments means less demand for at least some WAB's transport equipment/services. Thus, an explanation for WAB's decline. Increasing revenue every year past 10, Low avg p/e in '07-'08 about 15. Stock now about p/e 16, and for 2016, analyst estimates about 14.2 (Yahoo). Stock is still not cheap on a value basis though, imo. I'll take a few shares as a speculative bet based on WAB's prior years' good performance, and my supposition that WAB's products/services for a broad range of transportation businesses will continue to be in demand. Sure seems like the stock will continue to drop further though.

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