DoctoRx's  Instablog

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Over 30 years of investing in individual stocks. Extensive business experience with small to mid-size companies, including as CEO. Many hundreds of blog posts on financial and economic matters since 2008. Focus on value with catalysts for upside price action. Background as a physician and... More
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  • Update On Trinity  0 comments
    Oct 23, 2013 6:10 PM | about stocks: TRN

    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.
    Sep 13
    Next Qtr.
    Dec 13
    Current Year
    Dec 13
    Next Year
    Dec 14
    Current Estimate 1.16 1.18 4.32 4.79
    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.

    Stocks: TRN
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