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Genesee & Wyoming: Weak November Shipments Support My Short Thesis
2015-12-15 14:20:26| Railroads - Topix.net
At 13 P/E , GWR could fall to $44 or 14% off its current price of $51. Last week Genesee & Wyoming cut its profit forecast; the company sees Q4 earnings at $0.10 below its previous estimate of $0.90-$0.95 per share due to weaker-than-expected shipments: "In G&W's North American Operations, shipments of steam coal, agricultural products and metals are below expectations by approximately 8,000, 3,000 and 3,000 carloads, respectively.
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Category:Transportation and Logistics
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