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American Railcar Up Over 50% Since IPO.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Trang Ho
American Railcar Industries went public Jan. 20 at about $21 a share and ran up more than 50% in just six weeks. It has yet to develop its first base.
The St. Charles, Mo.-based firm makes covered hopper and tanker cars and provides fleet management services.
UBS Investment Bank, which was involved in ARI's IPO, initiated coverage Wednesday with a neutral rating.
Earnings per share grew 383% each of the past three quarters. Sales growth ranged from 55% to 86% the past four quarters.
Trimble Navigation of Sunnyvale, Calif., has been ...
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