Consider ourselves lucky to have the trainsWe should consider ourselves lucky to have a company which has both the trains and the planes. We can see the ever increasing backlog of trains. In many instances trains will service the airports. Then the obvious takes place: and every increasing backlog of planes. It is just a matter of another 9 months and the picture will change in the orders for planes. In fact we are told to expect more orders for aircraft before the end of the current fiscal year.
I am not denying that there maybe some writedowns, but the trend in profits in the train business is upward and we should not be surprised with an overall increase in net earnings of approx. 4 cents per share.