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Update On Trinity

|Includes:Trinity Industries Inc. (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