TRN Sold ==> 37 consecutive winners for the great one

[tiedyed1]

Billy, I am still on board and holding on tight to TRN as it is picking up steam today as the market digests all recent news...

Trinity Industries, Inc. Analyst Notes On June 27, 2014, Trinity Industries, Inc. (Trinity) announced that it has entered into an agreement with Meyers Steel Structures (Meyer) to acquire latter's assets for a purchase price of approximately $600 million. According to the Company, upon the completion of the transaction, Trinity will report revenue and earnings from Meyer and its operating results will be included in the Company's Energy Equipment Group. Meyer is expected to record full-year 2014 revenues of approximately $325 million. Timothy R. Wallace, Trinity's Chairman, CEO, and President, said, "With the acquisition of Meyer, Trinity builds a leadership position in the electric transmission and distribution industry and confirms its long-term commitment to the utility steel structures business." He added, "Meyer will fit very well within our portfolio of companies and supports our vision of being a premier, diversified industrial company. We are confident its addition will create enrichment opportunities that benefit our enterprise."

[billyjoe]

tiedyed, Still holding also. Now up 24.25% and +19.5% on LUV. Mr.Market's gifts keep giving !

----------------------billy

[billyjoe]

Out at 45.97 +27%, life is good. LUV is next to go.

---------------billy

[jiesen]

good call on holding onto TRN, Billyjoe! 27% is nothing to sneeze at... congrats on your nice profit on that one!

[billyjoe]

good call on holding onto TRN, Billyjoe! 27% is nothing to sneeze at... congrats on your nice profit on that one!

Jiesen, Thanks and I'll bet it goes higher. Just needed cash for other buys.

--------------------billy

[tiedyed1]

whoo hoo. This train is an express with no stops!
Earnings and guidance soundly above estimates. Increased guidance and announces a stock split to boot!

DALLAS--(BUSINESS WIRE)--July 29, 2014--
Trinity Industries, Inc. (NYSE:TRN) today announced earnings results for the second quarter ended June 30, 2014, including the following significant highlights and adjusted for the 2-for-1 stock split completed during the quarter:
-- Quarterly earnings per common diluted share of $1.01, a 94% increase
year-over-year

-- Quarterly revenue and net income of $1.5 billion and $164.2 million,
respectively, a year-over-year increase of 39% and 95%, respectively

-- Rail Group receives orders for 9,880 new railcars during the second
quarter resulting in a record backlog of 45,350 units with a record value
of $5.5 billion

-- Entered into an agreement to acquire the assets of Meyer Steel Structures,
the utility steel structures division of Thomas & Betts Corporation, a
member of the ABB Group, for a purchase price of approximately $600
million

-- Anticipates full year 2014 earnings per common diluted share of between
$3.90 and $4.10, excluding any effect of the Meyer Steel Structures
acquisition. This compares to previous full year 2014 earnings guidance
of between $3.50 and $3.75

Up $3.34 trading at $48.36 in early hours.



-Adam

Update: sold half my position at 8:53 am at $48.15.

[tiedyed1]

A TRN Update

Had sold my remaining TRN shares at 43.60 on 10/1 and this months market weakness has not been kind to most of my portfolio, however, after hours today I just re-bought TRN at $30.95 after it took a HUGE 14% drop in share price after a jury awarded a heft 525M award for a whistleblower case brought against them for allegedly changing the design in a guardrail end cap.

TRN will appeal and this $5B company will keep on chugging along with strong rail car orders and excellent fundamentals.

This is not the first time I have bought on what I feel is an overreaction (LCI was my most recent in July and it is now up 15%).

Anyway, I am back on the TRN at 30.95 and earnings will be out on Tuesday, Oct 28.

Keep On Keepin' On;
-Adam
Old Hippy & Mortgage Pro

[mrmarket]

A TRN Update

Had sold my remaining TRN shares at 43.60 on 10/1 and this months market weakness has not been kind to most of my portfolio, however, after hours today I just re-bought TRN at $30.95 after it took a HUGE 14% drop in share price after a jury awarded a heft 525M award for a whistleblower case brought against them for allegedly changing the design in a guardrail end cap.

TRN will appeal and this $5B company will keep on chugging along with strong rail car orders and excellent fundamentals.

This is not the first time I have bought on what I feel is an overreaction (LCI was my most recent in July and it is now up 15%).

Anyway, I am back on the TRN at 30.95 and earnings will be out on Tuesday, Oct 28.

Keep On Keepin' On;
-Adam
Old Hippy & Mortgage Pro

That's a good move Adam.

[tiedyed1]

Thanks Ernie.
While I can never say it was a no brainer (as there is always a chance there is more to the story I am absorbing), the stock price hit was not making sense to me yesterday.
Looks like others agree today as TRN up >8.00%

[Lucavia123]

TRN is reporting earning after hours. Might be a boost to share price.

[tiedyed1]

TRN is reporting earning after hours. Might be a boost to share price.

Strong earnings beat expectations while this guardrail cloud is hanging over them so sentiment is low; while the numbers do not lie and rail car orders are very strong and the primary source of revenue.

I may accumulate more at these levels.

-Adam
Old Hippy & Mortgage Pro

[Lucavia123]

Chart is looking good for a reversal. New rail car orders are coming in and earnings are strong. Litigation is keeping stock price down but chances are they will settle or win the case.