Trinity Industries (NYSE:TRN), about which I wrote a bullish SA article recently, closed at a multi-year closing high, challenging its 2007 all-time high. What I find bullish at current price levels is the steady ramp upward in earnings estimates for next year as well as for 2013. Per Yahoo! Finance:
|EPS Trends||Current Qtr.
|7 Days Ago||1.16||1.18||4.31||4.77|
|30 Days Ago||1.16||1.18||4.31||4.74|
|60 Days Ago||1.16||1.18||4.31||4.72|
|90 Days Ago||1.07||1.06||4.00||4.47|
TRN is currently trading just under 10X estimated 2014 earnings, which are rising. Per details in my recent TRN post, mainstream independent analytical organizations S&P and Value Line assess TRN as undervalued. This judgment were made with somewhat lower earnings estimates than are now extant.
I have added to my TRN stake today and yesterday.
Disclosure: I am long TRN.
Additional disclosure: Not investment advice. I am not an investment adviser.