Genesee update soon
I have been looking over the GWR 10-Q filed August 9th. From my first impression I think there are some good things happening for the railroad currently, I will have more details in the next few days. I plan on breaking out some of the financial details for this company to get a better picture.
As a side note for anyone interested in buying I think now is a good opportunity regardless of the quarterly earnings. If management believes that at the $30 level the company is undervalued, $25 is undervalued too. My goal in digging into the financials is to find what I would consider a ‘fair value’ for the company. But with the recent drop I can say fairly certainly that it’s below the fair value currently, how much is a different question. In reading previous annual and quarterly reports I did not find any items that would serve as warnings signs to stay away from the stock.