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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Graham Osborn who wrote (55588)	7/1/2015 11:51:53 AM
From: E_K_S	Read Replies (3) \| Respond to of 78658

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

To: Graham Osborn who wrote (55588)	7/1/2015 12:30:03 PM
From: 56Chevy	Respond to of 78658

This may have been posted as well...it is a week old now...if so it can be removed. Judge Approves Bond and Orders Stay Pending Appeals (6/23/15) On June 23, 2015, the United States District Court for the Eastern District of Texas, Marshall Division, (the “District Court”) approved Trinity Industries, Inc. and Trinity Highway Products, LLC (together, the "Company") posting of a supersedeas bond in the amount of $686.0 million (the “Bond”) and ordered a stay of the execution of the District Court’s June 9, 2015 entry of judgment of $682.4 million (the “Judgment”) against the Company pending resolution of all appeals in a federal False Claims Act case styled Joshua Harman, on behalf of the United States of America, Plaintiff/Relator v. Trinity Industries, Inc., Defendant, Case 2:12-cv-00089-JRG. The Company obtained the Bond on an unsecured basis for an initial annual premium of $3.9 million. The Company intends to file certain post-Judgment motions and, depending upon the District Court’s rulings on those motions, to appeal to the United States Court of Appeals for the Fifth Circuit and seek a reversal of the Judgment. http://www.sec.gov/Archives/edgar/data/99780/000009978015000104/a062315supersedeasbond.htm