Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (59589)9/29/2017 8:37:24 PM
From: E_K_S  Read Replies (1) of 61336
Trinity Industries wins reversal of $663M fraud judgment over guardrails

Trinity Industries (NYSE: TRN) +9.7% AH on news that the $663M guardrail fraud judgment against the company was reversed by a federal appeals court.

A whistleblower lawsuit had accused TRN of defrauding the U.S. government through the sale of defective guardrails, but the 5th U.S. Circuit Court of Appeals in New Orleans ruled that the finding of fraud under the federal False Claims Act underlying the judgement could not stand.


The original judgement tanked the stock that led to my value Buy. Now that we get a reversal, stock may be pricing in all the good news. That's why I kept a few shares in the portfolio buy may be closing out the position Monday if those AH gains hold.

Will need to think about options over the weekend as this was also one of my Trump infrastructure plays and that is still under depate w/ legislation next year.

What are you doing and do you have any other value infrastructure candidate Buys in your watch list? I have some rails (ie ARII) that I am still holding but nothing as good as TRN.

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