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To: Dale Baker who wrote (45251)	4/5/2006 6:07:05 PM
From: old tx oiler	Respond to of 118717

Dale, everything seems fairly or overpriced on the RRs I found.However, I was looking at this service co and Jubak did a writeup on it. finance.google.com Bob This is from Jim Jubak at MSN Money Wabtec (WAB, news, msgs) is riding the rails, and right now they look greased. The company makes air brakes, draft gears, slack adjusters, brake shoes and pads, and brake cylinders for railroad cars and engines. In March Wabtec increased its earnings guidance for this year by 10% on its forecast of higher-than-expected industry deliveries of 55,000 cars in 2005 instead of the projected 48,000. All of those new cars come with Wabtec equipment (about 46% of Wabtec sales are to manufacturers of new cars), and the company also sells parts and repair services for maintaining older rail cars. With U.S. railroads straining to meet demand, it's a good bet that Wabtec's domestic sales will keep on climbing. But the company has also been making solid progress in markets outside the United States, where sales climbed to 34% of total company sales in 2004 from 24% in 2002. Early this year Wabtec acquired Rutgers Rail, a European rail equipment supplier. Analysts project 41% earnings per share growth this year and 32% in 2006. Our StockScouter rated the stock a 4 on June 1.