1 stock I’ve had my eye on lately has boasted nearly 200% gains since the beginning of 2012, and it doesn’t appear to be slowing down.
That’s because, on top of some fortunate regulations and circumstances, this company has been aggressively growing.
Is now the time to get in on it?
With U.S. freight traffic growing, Wabtec (WAB) is in a very good position at the moment.
And that’s on top of WAB’s earnings per share, sales, and order backlog all hitting record highs in the 3rd quarter.
This company, which makes locomotives, brakes, and other systems and parts for freight trains and passenger transit systems, also has a cash flow exceeding net income—a sign of financial strength.
But that’s not all the good news…
At a 19% increase, WAB shares have grown more this year than the S&P 500’s 12% increase.
And WAB has set its sights on aggressive growth in the future through rail opportunities around the world.
WAB’s seriousness regarding growth is evident, too, with the recent acquisition of Fandstan, a London-based rail and industrial equipment maker.
That $220 million buy in June was WAB’s biggest to date.
And with WAB normally making 3 or 4 deals a year, mergers and acquisitions are typically able to fuel about half of its sales growth.
Plus, thanks to the 2008 Rail Safety Improvement Act, which says U.S. railroads must install “positive train control” collision-avoidance technology on most lines by 2015, WAB has greatly benefitted.
Right now, shares of WAB are trading near the $87 level, after recent highs reaching $92 in late November.
So is now the right time to get in on WAB?
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