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TTX railcars at Greenbrier's Gunderson plant in Portland, Ore. (Harold Hutchinson/Greenbrier)
TTX railcars at Greenbrier's Gunderson plant in Portland, Ore. (Harold Hutchinson/Greenbrier)

Vox

Greenbrier: A cheap ticket to a railway rebound Add to ...

Perhaps you think the recent pullback in equities is a well-considered re-evaluation of the risks facing the global economy and, specifically, the United States. Or, conversely, perhaps you take the mini-slump as undue skepticism about the grinding, gradual U.S. recovery.

If the latter, let me point to a little-known name that’s a relatively inexpensive way to bet that things will continue to improve south of the border. The Greenbrier Cos. , headquartered in Lake Oswego, Ore., makes cars for all the major North American railways. The company’s shares, trading around $18 (U.S.), are down by 25 per cent year to date and are off their 52-week high by one-third.

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