Thursday, July 23, 2009

American Railcar Industries (ARII)


American Railcar Industries manufactues, manages, and repairs railcars. This stocks is like a pair of pants in the drawer in which you find $50 you didn't now that you had. It's trading for less than the cash/share it has on the books. It's trading for about half of book value and a quarter of sales. Insiders (including Carl Icahn) own over half the shares.

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