+ Watch CSX
on My Watchlist
Owns companies providing rail, intermodal and rail-to-truck transload services that combine to form one of the nation's leading transportation companies.
CSX is depressed vs. CNI & UNP (two other companies I gave the green thumb to). UNPMarket Cap $68.82Bp/e 17.3Yield 1.87%CSXMarket Cap $24.32Bp/e 13.16Yield 2.52%CNIMarket Cap $40.16Bp/e 17.1Yield 1.77%I think the problem is that CSX is being sold because of a SHORT-TERM issue related to to the price between coal & natural gas. This problem is likely to resolve in the long-run because 1) NG prices may rise and demand continues to rise. 2) Not all utilities can switch to NG -- coal demand will flatten. 3) Crude oil by rail could fill in some of the softness from coal.In the long run, CSX is a winner -- the p/e will rise towards to peers and get a little extra dividend yield while I wait. Choo Choo!
Think you are seeing what the Street has failed to see so far. Like I said earlier in 2013, I'm all in on CSX. Just wait till LNG terminals, supplied by CSX tanker cars, start loading ships headed overseas, then CSX will start beating the market.
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