Our Industrials analyst Jay Van Sciver is hosting a special, in-depth discussion of his Best Idea SHORT call on Wabtec Corp (WAB) this Wednesday 2/28/18 at 2:00pm ET.
Shares of WAB have rallied in recent weeks, largely due to an unrealistic, conveniently just-double-digit-growth 2018 EPS guide. With a pesky 2017 “transition” year out of the way, Van Sciver thinks reenergized WAB longs are teed-up to suffer yet another year of disappointment.
In the presentation, he will provide a detailed review of why we expect WAB to struggle with a rough double digit EPS decline.
We see the stock falling as the market readjusts expectations to normalized demand levels in the Freight segment and structural changes in the Transit segment.
We see over 30% relative downside for WAB shares.
CALL DETAILS
Attendance on this call is limited. Please note if you are not a current subscriber to our Industrials research there will be a fee associated with this research call and related material. Ping sales@hedgeye.com for more information