Sometimes you have to invest like Warren Buffett’s partner Charlie Munger. You sit and wait in cash for however long it takes until a true buying opportunity presents itself. While waiting, reading here at Equinox Partners, we try to find companies we would love to own. Wabtec Corporation is one company we are excited about.

Wabtec provides products and services to virtually every major intercity passenger transit system in North America. Intercity and metro cars, commuter cars and light rail vehicles are all supplied with an integrated series of components that deliver safety, efficiency and passenger comfort. The company also offers maintenance, repair and overhaul services for commuter locomotives and passenger car components.