I THINK WE ARE ON TO SOMETHING MAR 13:
Could negative sentiment spell opportunity in rail stocks?<--- I'M LOCKED OUT OF STORY
YUP THIS HORRIBLE CRASH IT HAS MADE SOME RAIL STOCKS SELL OFF--
There's one Ted knows well.. RAIL $3.15
We talked about it here a few times. When it was around $5/$6
They are kind of struggling, but they have been in business forever.
They keep getting some $15M line of credit extended, it doesn't look like they're using it though.
You can read the SEC filings.
Operating in the red however.
Never good for an old school industrial, but maybe they'll get a surge of back orders on the new regs.
It used to be a $50 stock back in the day.
What's interesting is the May $5 puts are only $2.
$0.15 premium for 60 days when the stock was at almost $4 a month ago, ie in a sharp downtrend?!
They must not think its going below $3 for awhile.
Earnings 3/27:
CHICAGO, March 10, 2023 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL), a diversified manufacturer of railroad freight cars, today announced that it will release its fourth quarter and full year 2022 financial results on Monday, March 27, 2023, after the market close. The conference call and live webcast will be held on Tuesday, March 28, 2023 at 11:00 a.m. (Eastern Time), and will be available on the Investor Relations page of the Company’s website at www.freightcaramerica.com.
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