GMO plays on takeovers, adds more iShares and Alibaba Continue reading...
Genesee & Wyoming, Inc. (NYSE: GWR) announced that the sale of the company to affiliates of infrastructure asset management firms Brookfield Infrastructure (NYSE: BIP) and GIC has been completed. The stock ceased trading on the NYSE prior to today's session with a final closing price of $111.88. For our customers, employees and Class I partners, the long-term investment horizon of Brookfield and GIC is perfectly aligned with the long lives of G&W railroad assets.
A Genesee & Wyoming (G&W) subsidiary in Georgia has completed track upgrades that match the capacity of the connecting Class I rail network. The upgrades come as the company and local and state officials are eyeing the anticipated volume growth that could come out of the Port of Savannah.
NEW YORK, Sept. 17, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.
S&P; SmallCap 600 constituent RH (NYSE: RH) will replace Genesee & Wyoming Inc. (NYSE: GWR) in the S&P; MidCap 400, and Foundation Building Materials Inc. (NYSE: FBM) will replace RH in the S&P; SmallCap 600 prior to the open of trading on Thursday, January 2. Brookfield Infrastructure Partners L.P. (NYSE: BIP) is acquiring Genesee & Wyoming in a deal expected to be completed prior to the open of trading on Monday, December 30.
2019 Value Conference speaker releases quarterly portfolio Continue reading...
Dismal performance of the Australian and U.K./European units is hurting Genesee & Wyoming (GWR).
Railroad business news seems to be all about the benefits of Precision Scheduled Railroading (PSR). Known as Class 1 railroads, these largest railways annually earn more than a regulatory agency set threshold of $500 million in revenues. This rail freight market view column is about the service performance of the rest of the railroad companies – mostly freight carriers – that are much smaller organizations.
Even with high percentages in cash, Nintai portfolios held their own against the major indexes Continue reading...
NEW YORK, NY / ACCESSWIRE / September 19, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in ...
Hedge funds are not perfect. They have their bad picks just like everyone else. Facebook, a stock hedge funds have loved dearly, lost nearly 40% of its value at one point in 2018. Although hedge funds are not perfect, their consensus picks do deliver solid returns, however. Our data show the top 20 S&P 500 […]
Net profit for shortline operator Genesee & Wyoming (G&W) slipped in the third quarter amid lower revenues and rail volumes. Third-quarter net income attributable to G&W totaled $66.8 million, or $1.16/diluted ...
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]
NEW YORK, NY / ACCESSWIRE / October 8, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of Genesee & Wyoming Inc. (NYSE:GWR) ("G&W" or ...
Genesee & Wyoming (GWR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
A class action lawsuit has been filed on behalf of shareholders of Genesee & Wyoming Inc. in connection with the proposed sale of Genesee & Wyoming to affiliates of Brookfield Infrastructure and GIC (collectively, the “Consortium”). The lawsuit seeks damages and/or equitable relief on behalf of Genesee & Wyoming shareholders under the federal securities laws. The lawsuit alleges that Defendants issued a materially misleading proxy statement recommending that Genesee & Wyoming shareholders vote in favor of the proposed sale of Genesee & Wyoming to the Consortium.
Moody's Investors Service ("Moody's") assigned a Ba2 corporate family rating, a Ba2-PD probability of default rating and a Ba2 senior secured rating to short line rail operator Genesee & Wyoming Inc. (NEW). Genesee & Wyoming plans to arrange a $600 million revolving credit facility and a $2,550 million first lien term loan in connection with the acquisition of the company by Brookfield Infrastructure and GIC.
NEW YORK, NY / ACCESSWIRE / October 10, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against the Board of Directors of Genesee & Wyoming Inc. (NYSE:GWR) ("G&W" ...
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Genesee & Wyoming Inc. New York, October 30, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Genesee & Wyoming Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.