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

To: E_K_S who wrote (63668)	4/6/2020 8:45:14 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78998

"My strategy is to continue to make small buys and try to average in some capital at/near these lows." Me too. Making small buys on some stocks now. Will make more buys if many of the companies I follow will get down to their lows again - presuming I still have money to deploy and nerve to do it.

To: E_K_S who wrote (63668)	4/7/2020 8:08:51 AM
From: E_K_S	Respond to of 78998

Greenbrier EPS beats by $0.20, misses on revenue Apr. 7, 2020 6:03 AM ET\|About: The Greenbrier Companie... (GBX)\| Greenbrier (NYSE: GBX): Q2 Non-GAAP EPS of $0.46 beats by $0.20; GAAP EPS of $0.41 beats by $0.17. Revenue of $623.85M (-5.3% Y/Y) misses by $156.79M. Press Release ------------------------------------------------------- ~~ Strong liquidity position; targeting $1 billion of available liquidity~~ $3.2 billion backlog provides forward visibility Second Quarter Highlights Base liquidity of $620 million consisting of cash of $170 million and $450 million available under committed credit facilities with high quality lenders. Greenbrier is targeting total liquidity of $1 billion.Greenbrier's manufacturing and service sites continue operations as "Essential Business" under directives issued by the U.S. Department of Homeland Security (DHS) and other government authorities.Orders for 8,500 diversified railcars were received during the quarter, with over 50% originating from international sources. New railcar backlog increased to 30,800 units with an estimated value of $3.2 billion as of February 29, 2020.Net earnings attributable to Greenbrier for the quarter were $13.6 million, or $0.41 per diluted share, on revenue of $623.8 million. Net earnings include a mutually beneficial contract modification removing railcars from backlog that would have been produced in the second half of fiscal 2020 in exchange for $9.2 million, after tax. This modification strengthens the quality and amount of Greenbrier's backlog and improves cash on hand.Adjusted net earnings attributable to Greenbrier for the quarter were $15.3 million, or $0.46 per diluted share, excluding $1.7 million, after tax, ($0.05 per share) of integration related expenses from the American Railcar Industries ( ARII) (ARI) acquisition.Adjusted EBITDA for the quarter was $71.6 million, or 11.5% of revenue.Board declares a quarterly dividend of $0.27 per share, payable on May 13, 2020 to shareholders as of April 22, 2020. --------------------------------------------------------------------------------------- Order book continues strong (50% international). Looks like they can do their production in the 'New 'Normal' Very happy w/ results