- The Greenbrier Companies' 3Q FY21 performance indicates that it is at the beginning of a V-shaped recovery.
- Slower system velocity and a shortage of truck drivers suggest that railcar utilization rates should improve, but the market is not tight, currently at ~80%.
- With two straight quarters of book-to-bill ratios over 1.0, a 14% retraction in share price from a 52-week high set in May, and insider buying, Greenbrier merited a further look.
- A full investment analysis follows in the paragraphs below.
For further details see:
How I Would Greenlight The Greenbrier Companies