This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Only NYSE Stock to Rise Every Year in Past Decade




By Gennine Kelly, Web Producer, CNBC

NEW YORK ( CNBC) -- Wabtec (WAB), the technology-based products and services company for rail, transit and industry, is the only stock on the NYSE (NYX) to go up in each of the last ten years.

"When we developed our strategy, it was important to realize the brutal facts were that we were in a very cyclic cyclical business ... and it was important that we set up a business model and our company around that fact," Albert Neupaver, president and CEO of Wabtec, told CNBC on Thursday.

The growth strategy of Wabtec is to obtain, on average, double-digit earnings-per-share growth though the business cycle, he added.

More from CNBC
Wabtec buys Brush Traction for about $31 million
Hot Women Don't Want to Pay for Dinner
U.S. Finances Rank Near Worst in the World: Study

"We really balance our strategy, we expect to get half of our growth through internal growth, through international expansion, new product development, after market expansion. And then, about half of that growth will come from acqusitions," Neupaver went on to say.

On Tuesday, Wabtec signed a $27 million contract to provide Metrolink, a commuter rail agency that serves a 512-mile system in Southern California. The company will provide technology called Positive Train control, which uses GPS to monitor the speed and location of freight and passenger trains.

Earlier this month, Xorail, a subsidiary of Wabtec, signed a $165 million contract with MRS Logistica in Brazil (1,000 miles of track that connect Rio de Janeiro, Minas Gerais and Sao Paulo) to design and install Communications-Based Train Control.

As Wabtec's stock has continued to rise, its market cap has more than doubled in five years.

"We are one of only a few companies in the world that can actually make a difference about the productivity, the safety and efficiency of the railroads," he said.

-- Written by Gennine Kelly of CNBC

CNBC is a world leader in business news, providing real-time financial market coverage and business information.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $125.80 -2.25%
FB $77.56 -1.59%
GOOG $530.80 -1.85%
TSLA $232.95 1.06%
YHOO $41.30 -1.76%

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs