HI Steven,
Decent company that has run up quite a bit recently. It did pretty much nothing between 2018 and the start of the pandemic. It has since bounced of pandemic lows towards all time highs. While it looks pretty cheap here, it is trading at a steep premium to historical averages. But it looks like it has always been cheap, likely because of a lack of growth. Revenue has been stagnant between 2018 and 2020.
While 2021 is expected to see revenue and EPS jump quite significantly (probably why it moved to new highs) but it's low single digit growth for fiscal 2022 and 2023. Honestly, it just seems like a value play that is growing pretty slowly.
If it were me - i'd grab CP Rail simply because it has a much more reliable history, has a growing dividend and has much higher growth rates. It's not that Triton is bad - just that I prefer CP Rail if I was choosing between the two. That being said, you may already have exposure to rail so this may fit better. Bottom line though, this looks decent but nothing stands out that would make me want to jump in. I'd expect mid-to-high single digits annual returns from here.
Mat