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Good for you...thanks for sharing any possible play...GLTU
$18.91..Covered at $18.40
Didn't know you shorted it...What price?
I liked it..Gave me a chance to cover my short..lol
Been watching it since the end of November..Fun one to play..Nice swings..
One you sure have to watch..that is for sure...I am trying to learn it as I go...never watching it trade before last week...GLTA
This one is thin as heck Gateway
Pretty much hit that 1st restance at 19.34 area...look to test that this afternoon and into close...not much in the way of $20.51 then looking to sell into that resistance...jmho and glta
Added on this initial profit-taking this morning...GLTA
Stock is on a short-term buy signal with today's decisive volume. Anticipate resistance at blue down trend line and then at the Fib retracement levels shown in orange on the below chart. Stock looks like a go IMHO...
Those #'s Around that support...will be looking to add/ave around support and if support holds down there...
Here is some data you may be intrested in:
Keeley Mid Cap Value Fund 2007-12-03 830,000
Forest Investment Managem ... 2007-11-15 787,900
Numeric Investors Llc 2007-11-13 607,341
Bogle Investment Manageme ... 2007-11-14 562,609
3-Dec-07 15.42 16.73 15.42 15.98 373,100 15.98
15-Nov-07 15.14 15.14 14.28 14.46 342,200 14.46
14-Nov-07 15.40 15.44 14.88 14.97 320,900 14.97
13-Nov-07 14.50 15.45 14.20 15.30 397,400 15.30
These are some funds that have stock here..I posted the date they last reported their holdings and the stock trading range of the days they reported..
That was a pretty big dip A/H's on Friday...Hmmm....
Support:
15.98 -0.86 points (-5.11%) below the current price
Resistance:
20.51 3.67 points (21.79%) above the current price
22.64 5.80 points (34.44%) above the current price
26.21 9.37 points (55.64%) above the current price
30.11 13.27 points (78.80%) above the current price
34.64 17.80 points (105.70%) above the current price
41.00 24.16 points (143.47%) above the current price
Don't forget we can get more play with the Options... going to look more closely tonight...Overall market look just horrible today...GLTA
If it is good enough for his $ then it good enough for me...
Share Structure
Authorized Shares: 50,000,000
Outstanding Shares: 21,302,296 Per 10-Q 11/5/2007
Approximate Float: 9,950,000
ICAHN CARL C 11,587,945
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5561280&Type=HTML
Hopper Investments, LLC 4,290,918
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5555756&Type=HTML
He has like 11.5M of the 21M outstanding..Pretty safe investment in my opinion!
Icahn Buys More American Railcar Shares
Thursday November 15, 6:37 pm ET
Carl Icahn Buys $2.44 Million in American Railcar Industries Stock
ST. CHARLES, Mo. (AP) -- Billionaire activist investor Carl Icahn made his first purchase of American Railcar Industries Inc.'s stock since the company's initial public offering in January 2006, according to regulatory documents filed Thursday.
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The company's shares climbed nearly 9 percent in after-hours trading.
Icahn, who is the railroad car maker's chairman, paid $2.44 million for 164,616 shares between Tuesday and Thursday, pushing his stake in the company up slightly to about 29.4 percent from 28.7 percent.
Icahn paid between $14.53 and $15.15 a share in his recent buys, according to Icahn's disclosure filed with the Securities and Exchange Commission.
Slowing demand and increased competition in the railcar manufacturing industry, as well as a third-quarter earnings miss, pushed the company's stock down sharply since its peak in July of $41.50 a share.
Shares of American Railcar, based in St. Charles, Mo., fell 51 cents to $14.46 Thursday, then climbed $1.29 in extended trading after Icahn's filing was made public.
averaged @ 17.25... re-post: Icahn Buys More American Railcar Shares
Thursday November 15, 6:37 pm ET
Carl Icahn Buys $2.44 Million in American Railcar Industries Stock
ST. CHARLES, Mo. (AP) -- Billionaire activist investor Carl Icahn made his first purchase of American Railcar Industries Inc.'s stock since the company's initial public offering in January 2006, according to regulatory documents filed Thursday.
ADVERTISEMENT
The company's shares climbed nearly 9 percent in after-hours trading.
Icahn, who is the railroad car maker's chairman, paid $2.44 million for 164,616 shares between Tuesday and Thursday, pushing his stake in the company up slightly to about 29.4 percent from 28.7 percent.
Icahn paid between $14.53 and $15.15 a share in his recent buys, according to Icahn's disclosure filed with the Securities and Exchange Commission.
Slowing demand and increased competition in the railcar manufacturing industry, as well as a third-quarter earnings miss, pushed the company's stock down sharply since its peak in July of $41.50 a share.
Shares of American Railcar, based in St. Charles, Mo., fell 51 cents to $14.46 Thursday, then climbed $1.29 in extended trading after Icahn's filing was made public.
What did you get in at?
Have a great weekend! I will be snooping around doing DD on some stocks...
maybe we still can get some cheaper but I didn't want to wait in case it doesn't... along with KTII...GLTA
Getting in now??...Now I can't wish for $15's anymore!! lol
Earnings growing - PE 10.9 - pays Divy - no reason for it not to be double from here again... I think history repeats here... stepping into my position and GLTA
It was like that last time in the $15's then the run to $21+!!
RSI also very close to that oversold we talked about earlier...weeeeeeeeee
I want it also... because I am greedy and needy of moneey...
Daily Chart
I want the $15's again!!!
Looking at support it might not be that long of wait this time before next leg up... I am waiting for now and watching very close...jmho and glta
No!!! That is ACF for $10...lol
I want it to go to 10
Wish this thing would just hurry up and get back to the $15's so I can get my CAMARO!!!
Here is an intresting thing I was just looking at...For the first 9 months ARII has earned $1.38 per share..That being said..If ARII earned ZERO for the 4th quarter which we know will most likely not happen the P/E Ratio using today's closing price of $18.01 and $1.38 Earnings Per Share is only 13.05!! Can you say this is cheap as heck!! I can....
Check this read...
American Railcar Industries (ARII) + The Icahns = RUN D.M.C. (The King of Rock)
Railroads are boring. For most of us, owning stake in railroads comes as close as buying B&O Railroad, Short Line, Reading Railroad, or Pennsylvania Railroad for $200 when playing one of our favorite board games. When it comes to modern day transportation do most of us think of traveling by railcar? That would be no. So if you've never heard of American Railcar Industries (NASDAQ: ARII) or if you did hear about it last year during the IPO and thought about it for 2 seconds then went back to your ticker tape, I would understand. So what is ARII and why should you care? For lack of a better term, "All Aboard" and off we go...
American Railcar Industries is the leading North American manufacturer of covered hopper and tank railcars. That's right, if your train is broken, you don't call Thomas the Train, you call these guys. They repair and refurbish railcars, provide fleet management services, design & manufacture railcar and industrial components used in the production of railcars. They are more than just train doctors, they are the AAA of the railroads in America and their majority stockholder is no other than Carl Icahn.
Carl Icahn has a 29% stake in ARII, he's currently holding 6,109,894 shares. When shares dropped a total of 9.79% on February 14th 2006, Carl lost $17,901,989.42 - Happy Valentine's Carl. ARII's board voted in January to increase its size from seven members to nine and guess who got a spot? Carl's son Brett Icahn (only age 27) was elected to the board making it one big family affair.
But don't feel bad for billionaire investor Carl Icahn, the man is so money and he knows it. Last month Carl cut his stake in Time Warner Inc. (TWX) to 20 million shares (down from 55 million shares). The man is a mover and shaker, buying up millions of shares at Motorola (MOT), Blockbuster (BBI), Take-Two Interactive (TTWO), and the list goes on and on. In February Carl forked out $2.8B for Lear Corp. and the employees where not happy about it. To put that buying spree into perspective, I just paid $9 for my latte and sandwich and I didn't pass go and collect my $200.
Carl isn't one of those solid gold investors like Warren Buffett, but he knows what he's doing, and he is the man behind American Railcar Industries. The Icahn's have a vested interest in American Railcar, and one thing you can count on, Icahn is not going to let ARII's stock suffer for very long. The man has got more game than Allen Iverson and when big money talks, people listen. You can bet that one year from now ARII will not be below the levels it's currently trading at, he will push ARII to a new 52-week high before he let's Wall Street get the best of him. Carl Icahn has been called every name in the book, he's got skin tougher than leather and comes from Queens, NY - still want to mess with him? Some other guys came from Queens, by the name of RUN-D.M.C. and just like Carl, they're the King of Rock, there is none higher, sucker MC's should call him sire, to burn his kingdom - you must use fire, and Carl Icahn won't stop rockin' till he retires.
Last month American Railcar swung to a fourth-quarter profit but results fell short of Wall Street predictions, and ARII has been on the slide since. The stock has bounced back a bit since the earnings call, but it's far from its 52-week high of $40.95 a share. Take a look at the results from the last earnings call, it wasn't all bad, sure revenue fell to $165.3M from $166M in the year-ago period but for 2006 they earned $34.6M compared with $1.5M in 2005. They paid out a huge a one-time pension settlement expense of $6.8M but ARII's next two years is going to be a sweet gravy train. On the conference call CEO James Unger said: We see a strong market for our products and services and have a solid backlog to support our future expansion plans. But, most important, we have a capable management team to deliver on our plans. That management team consists of two Icahns swinging their weight around, and guess who wants to make daddy proud? Young Brett Icahn.
So are you saying this stock is valuable just because of the Icahns?
That's part of it, but the railcar business has been around for centuries and will continue to be. Remember what happened last year when oil and gas prices went through the roof? Shipping freight via railcar became a profitable business, just check the railroad stocks, and guess who's their supplier and everything else under the sun - ARII.
Still not sold? Fine. Than just stick to buying Baltic Avenue or Marvin Gardens. Now they may pay off but they are no Park Place or Boardwalk. But why not buy the boring the industries (Utilities & Railroads)? Despite the lack of glamour and grace, people will always have to use them, because It's like that and that's the way it is.
Article written by: Frank Lara Jr.
Article posted on: March 9th, 2007
Disclaimer: The Author is long on 100 shares of ARII that were purchased in January 2007.
lol! i am with you!
lol! i am with you!
Come on Chief get this thing back to $15 so we can go for another ride already!!
I like that thought!!
Who knows....would be nice to go back to 15 right around the time TOFS and CHAG hit a 1.00. :)
This is NUTS!! Will it ever stop!!$$
All I want for X-Mas is this to come back down to $15 so we can ride the train again!!
Insane! Next stop ....21.00
This Locomotive is UNSTOPPABLE!!$$
Bro this is nuts...congrats again...ROCKSTAR!
When will this train stop$$$$$$$$$$$
$$$CHOOO CHOOOOOO$$$$$$$$$$$$$$$
I see! It is SIC! GREAT CALL TONY!
This train just won't stop!! Bring it$$$$$
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