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

To: Paul Senior who wrote (59589)	6/29/2017 9:10:22 AM
From: E_K_S	Respond to of 78744

The Greenbrier Companies, Inc. (GBX) - earnings coming out for railroad car manufactures Greenbrier beats by $0.21, misses on revenue Greenbrier (NYSE: GBX): Q3 EPS of $1.03 beats by $0.21. Revenue of $439.16M (-28.3% Y/Y) misses by $80.83M. Greenbrier Reports Third Quarter Results ----------------------------- GBX is/was one of the more profitable rail car manufactures but always fairly valued by GN. I decided to take a small position in ARII. Sold my RAIL earlier this year but that one looked promissing when it was around $14/share. Backlog growing 31K units vs 22.6K units. estimated at $3.10 Bln. They are also seeing a few international orders too. International strongest since the past two years. EKS

To: Paul Senior who wrote (59589)	9/18/2017 2:57:30 PM
From: E_K_S	Read Replies (1) \| Respond to of 78744

Trinity Industries, Inc. (TRN) - peeled off 50% of remaining shares bought 5/2016 @ $16.92 CenturyLink, Inc. (CTL) - added 10% to current holding bought @ $18.30/share Grahmn No. valuation for TRN is $26.82/share showing stock fully valued. Decided to sell 50% of current shares to raise cash and book my long term capital gains. Have other stocks to sell but not many w/ long term capital gains that are fully valued. Added 10% to CTL shares which is at/near the conversion price I get w/ my recent LVLT Buys. Once the merger is completed, I get $26.50/share cash from my LVLT shares and 1.44 CTL shares. My CTL Buy just tops off my current position to provide an even share count when merger is completed. EKS

To: Paul Senior who wrote (59589)	9/29/2017 8:37:24 PM
From: E_K_S	Read Replies (1) \| Respond to of 78744

Trinity Industries wins reversal of $663M fraud judgment over guardrails Trinity Industries (NYSE: TRN) +9.7% AH on news that the $663M guardrail fraud judgment against the company was reversed by a federal appeals court. A whistleblower lawsuit had accused TRN of defrauding the U.S. government through the sale of defective guardrails, but the 5th U.S. Circuit Court of Appeals in New Orleans ruled that the finding of fraud under the federal False Claims Act underlying the judgement could not stand. ---------------------------------------------------- The original judgement tanked the stock that led to my value Buy. Now that we get a reversal, stock may be pricing in all the good news. That's why I kept a few shares in the portfolio buy may be closing out the position Monday if those AH gains hold. Will need to think about options over the weekend as this was also one of my Trump infrastructure plays and that is still under depate w/ legislation next year. What are you doing and do you have any other value infrastructure candidate Buys in your watch list? I have some rails (ie ARII) that I am still holding but nothing as good as TRN. EKS

To: Paul Senior who wrote (59589)	10/22/2018 12:18:49 PM
From: E_K_S	Read Replies (1) \| Respond to of 78744

American Railcar Industries (ARII) announces merger agreement w/ RAIL Oct. 22, 2018 7:05 AM ET American Railcar Industries (NASDAQ: ARII) to merge with a wholly-owned subsidiary of ITE Rail Fund L.P., managed by ITE Management L.P., at a price of $70.00 per share, transaction valued at ~$1.75B. John O'Bryan, President and CEO of ARI, commented, “ARI is a highly respected company in the railcar industry with a rich history of growth and innovation for over 20 years. The sale demonstrates the value this company, its employees and shareholders have created, and I would like to thank Icahn Enterprises L.P. for its support and guidance over the years. I would like to thank the ARI team for their dedication to our values, vision, and commitment to serving our customers. We look forward to working with the ITE team to continue to improve our business and grow in the years to come.” The transaction is expected to close in Q4. ----------------------------------------------------- I think this was bound to happen but did not have my shares in ARII and/or RAIL (sold out last year). Look at the proposed value of each (especially ARII) after the merger. The take away is we did identify the underlining value (book value and tangible assets). However, the market never priced that to 100% but w/ the merger announcement it did. Hope you still help your shares. EKS