Posted
Jun 17 2008, 09:28 AM
by
Dave Dispennette
IPO's and New Issues
TGH @ $19.84 (Textainer Group) provides worldwide inter modal container leasing with over 1.3 million containers and more than 130 locations. Revenues have accelerated 10%, 13%, 22% and 22% over the last four quarters. TGH came public in October at $17 and has pulled back to its rising 50 day moving average for the first time since we first recommended it on 4/28/08 at $16.84. We feel this is a great level to add or establish a new position in this company with a stop loss set at $18.50.
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