Trinity Industries (TRN)

March 17, 2022

TRN Appears Ripe for a Cyclical Upswing; Despite Higher Interest Rates, We Hiked Our PT by 38%

By Gordon L. Johnson II

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March 9, 2021

Never-Ending Stimulus Will Likely Buttress TRN’s Already Strong FCF Potential; Reiterate BUY Rating

By Gordon L. Johnson II

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January 5, 2021

With Income Equality a Centerpiece of Policymakers’ Agendas, We See a Commodity Bull as Fated; BUY

By Gordon L. Johnson II

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November 4, 2020

Decaying EBITDA Despite: Ample Liquidity + More Buybacks + Attractive Dividend Yield, Still = SELL

By Gordon L. Johnson II

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October 1, 2020

Upping Our PT, but Trinity Faces a Long Road to “Recovery”; Maintain SELL

By Gordon L. Johnson II

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July 23, 2020

Has Trinity Taken Its Leverage Too Far?

By Gordon L. Johnson II

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April 17, 2020

“Train-Mageddon” is Coming & Trinity will Not be Spared (based on our work)

By Gordon L. Johnson II

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March 3, 2020

Is TRN’s Asset Leveraging Nearing its Limits, Hindering its Options to Fight a Prolonged Downturn?

By Gordon L. Johnson II

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January 15, 2020

As Earnings Slowly “Bleed,” We Think 4Q Results Could Prove to Be a Near-Term Negative Catalyst

By Gordon L. Johnson II

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September 20, 2019

Drop in New Orders to Drive Backlog Lower, Implying “This Train Has Left the Station”

By Gordon L. Johnson II

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