Greenbrier: From Buy To Strong Buy
Summary
- The shares have dropped in price since I finally took a bullish position here. I want to explore whether or not it makes sense to buy, sell, or hold.
- A recent conversation between a Greenbrier executive and the analyst at Cowen has relieved some of my concern here, and I'll be buying more today.
- While shares may languish as short term issues get worked out, investors are well paid with the 4% yield.
- I feel compelled to also mention a recent insider buy. Being on the same side of the table as the people who know this business better than anyone is always a positive in my view.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of GBX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I'm buying another 500 shares this afternoon.
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