Summary Historical guidance and implied optimism from the CC made me too bullish on the stock. Management's lack of further details and recent action (or lack of) on its part are bearish. TRN is a cyclical stock. Its current down-cycle could result in significantly lower EPS. As a value investor, holding Trinity (NYSE:TRN) has been an expensive lesson. I leaned on … [Read more...]
Trinity’s Ugly Earnings Release (Guidance) Is Shocking
Summary Trinity beat earnings expectations yet again. Shockingly lower guidance should have been communicated in previous call as one could speculate that management may have had some idea. TRN has a lot of explaining to do during the call which will be a must listen/read for shareholders. Was mistakenly too bullish, and will be reducing my holding. Trinity … [Read more...]
Potential 50% Upside in Trinity
Summary 2015 is a historical record year for TRN. Extreme pessimism regarding litigation and industry has pushed stock to opposite extreme. 2016 earnings and positive litigation outcome to push stock up. Trinity Industries (NYSE:TRN) is a stock I hold in my portfolio. It currently trades at a P/E of 5x despite good results due to extreme pessimism. Company … [Read more...]
Use O’Shaughnessy’s Screen To Find Value
Summary O'Shaughnessy's book "What Works on Wall Street" backtests single and multi-factor models. Rather than using a single factor (eg. P/E), you can improve performance by using O'Shaughnessy's composite model. This is an efficient way for an investor to generate investment ideas. An investor can overlay an additional model as a further filter such as Piotroski's … [Read more...]
