GO
Loading...

Is Trinity on Track?

Wednesday, 29 Oct 2008 | 8:22 PM ET

Cramer’s been bullish on Trinity the company for some time, though he’s been well aware that Trinity the stock has been at the mercy of hedge funds lately.

TRN: On Track?
Trinity is a company that's changing its stripes, with Mad Money host Jim Cramer and Timothy Wallace, Trinity's chairman, president & CEO.

He warned of further damage in TRN back on Oct. 13. Hedge funds are scrambling to raise cash to meet client redemptions, and Trinity is apparently one of the holdings these funds are liquidating en masse. The stock’s down 19% just since mid-month.

But, as Cramer’s mantra goes, broken stocks are different than broken companies. And business seems to be good and Trinity. This railcar company also operates in barges and wind towers, an alternative energy that Cramer’s been trumpeting on Mad Money since at least this summer.

Cramer’s hesitant to recommend many stocks in this market, so he brought Trinity Chairman, President and CEO Timothy Wallace on the show to find out exactly how good things are at the company. Wallace touched everything from suspending 2009 earnings guidance to order cancellations to his company’s prospects for the next five years.

Watch the video for more. The outlook’s better than you might think.




Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
TRN
---

Featured

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.