Now Is a Chance to Buy Rail Tank Car Stocks Ahead of New Mandate

With falling oil prices we've seen slashed capital spending budgets and layoffs from a number of big oil companies -- and the spillover effect has hit rail tank car stocks. RealMoney Pro contributor Chris Versace explains that rail car loading data for petroleum and petroleum products is actually still up in the U.S. Combined with the fact that we exited December with record rail car industry backlogs, the bulk of it for tanker and grain cars, Versace sees brighter days ahead of American Railcar and Trinity Industries, two stocks that have been hurt since October. Versace also reveals that a new regulation mandate for tank cars could arrive this spring, which could spur a huge upgrade cycle. He recommends investors get in on tank car stocks ahead of that.