+ 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!
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