Norfolk Southern Corp. (NYSE:NSC)

CAPS Rating: 5 out of 5

A Virginia based Company which controls freight railroad, Norfolk Southern Railway Company. The Company also transports overseas freight through several Atlantic and Gulf Coast ports and provides logistics services and offers intermodal network.

Recs

4
Player Avatar hybridinvestor (86.70) Submitted: 12/8/2006 8:34:57 PM : Underperform Start Price: $46.88 NSC Score: -40.22

All the rails right now imho are in a trading range with load figures still dropping per http://railfax.transmatch.com . I love the rails long-term but right now I think most are headed lower over the next couple of weeks. Will wait to buy on the dips as I have been buying them lately on the dips and selling on the run-ups after buying them long 2-3 years ago and holding until earlier this year before paring almost all.

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Member Avatar hybridinvestor (86.70) Submitted: 1/10/2007 10:38:48 AM
Recs: 0

Ok, trying to see how I handle this but I am buying the NSC pullback with small nibbles. Looks like a great buy in the $42-$44 range but I tend to wait for it to take about a 10%+ drop and then start incrementally nibbling. nibbled around $48.60ish and then again this morning at $47.66ish.

The conflict is that I still have a pan on it which means I expect it to continue to pullback but am close if it goes back anymore to turning this and other rails into picks vs. pans. Stay tuned....

Member Avatar smiley2008 (88.81) Submitted: 10/31/2008 12:05:19 PM
Recs: 0

If you have already made your money on this one I say sell and sell right now. The housing and auto industries create huge volumes of business for the rail roads and both of these industries are going down the tubes. They keep saying that coal is king and getting them more volume in business but are they going to start shipping 2 times as much coal in the coming months to make up the volumes they lost from the auto and housing industries? I do not think so. On top of that gas is going down and many companies that had switched to rail will start changing back to truck. This always happens once the gas prices go down. Plus the rail are going to have to reduce their fuel surcharges with the falling fuel prices and this was a huge windfall of revenue for them.

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