Weekly Wins: This Freight Car Play Is on the Move

We've got a big winner from Bret Jensen this week:

FreightCar America, Inc. RAIL recently announced it would redeem all its outstanding preferred shares with a new term loan. Management has stated this will lower overall financing costs by some $9 million. Given the company has just less than a $250M market cap, this is a significant savings. Noble Financial reissued their Buy ratings on RAIL following this action. The stock is now up some 20% since he highlighted RAIL as his covered call trade of the week on January 5th.

You can read the original article right here:

Ride the Rails With This $10 Turnaround Play - TheStreet Pro