GBX - Greenbrier: Potential Europe Risks Time To Consider Taking Profits
2024-03-09 10:10:06 ET
Summary
- Greenbrier's stock price has seen a robust upswing in the last few months, which raises the question of whether it is time to take some profits.
- The negative effects of the Russia-Ukraine conflict on Europe's economy and rising production costs in Europe pose risks to Greenbrier's European sales and profitability prospects.
- Greenbrier's stock price is not necessarily cheap compared to industry peers, while recent backlog and delivery data suggest its growth potential may be limited going forward.
- Greenbrier is a well-run company, with environmental concerns as well as potential resource scarcity issues providing the rail industry with growth potential. Given the gains in its stock price, however, taking some profits may seem wise. Any significant decline in its stock price should be seen as an investment opportunity.
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Greenbrier: Potential Europe Risks, Time To Consider Taking Profits