FreightCar America, Great Lakes Dredge & Dock Shares Set to Soar

FreightCar America shares will soar even higher as the company benefits from the coal car replacement cycle, said Richard Shuster, Senior Portfolio Manager at WPG Partners. Shuster added that the railcar provider has a pristine balance sheet and significant cash on its balance sheet. He is also bullish on Great Lakes Dredge & Dock Corporation despite the company missing Wall Street's earnings estimates in its Q3. Shuster said it will capitalize on continued dredging work on the Panama and Suez Canals, as well as Hurricane Sandy projects. Finally, Shuster is positive on shares of Titan Machinery due to its solid, acquisitive management.