$71.05
-0.48 (-0.67%)
Norfolk Southern Corp. (NYSE:NSC)
CAPS Rating:
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.
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I'm playing Monopoly in real life (kinda). As a young investor I'm buying 4 railroads and holding until i can buy other "properties". CSX NSC, BNI, and UNP basically hold a oligopoly on American Railways--making 80% of the total railway profit. Whereas the economy will temporarily hurt, railways are better positioned to weather the storm than trucking, which means when the market rises, railways will have even more business and more profit. (Disclaimer: A Long Term Play being made by a 22 year old)