Thanks. I wasn't in it yesterday when it went up and I got in this morning at 97.31 and it didn't
do much, figures!! CP was at least close to yesterday's high., so I thought UNP would do the same.
Sentiment: Strong Buy
Estimates by Wall Street for the September 2015, third quarter earnings per share for Union Pacific Corp have seen a cutback and now range from $1.42 to $1.63 per share with a consensus of $1.50 per share slightly less than same period last year. This might be a reason...?
July 23, 2015
11:14 am ET ... S&P CAPITAL IQ MAINTAINS BUY OPINION ON SHARES OF
UNION PACIFIC (UNP 93.59****): We cut our 12-month target price to $112 from
$137, valuing the shares at 17.3X our '16 EPS estimate of $6.47, lowered today
from $7.23. This is below UNP's ten year average of 18X, warranted by
uncertainty related to demand. We also lower our '15 EPS estimate to $5.80 from
$6.29. UNP Q2 EPS of $1.38 vs. $1.43 missed our $1.63 estimate on lower volumes,
particularly in coal and intermodal. We expect the near term environment to
remain weak. However, after a sharp decline in the share price, we still find the
stock attractively valued. Dividend yield is 2.2% at current price. /J. Corridor
There timing is simply the best! I shorted the market prior to it plummeting and made money, and went long when I received there daily video saying to buy at the bottom and again bigtime in the money on both calls! There daily video its free, and maybe it can help you like it has helped me.
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1) CP's current taxation rate is not 20%. It is 27.5%. The Company confirmed that figure in its latest guidance.
2) CP has never issued a 10-Q.
3) CP is not a U.S. Registered company. It has always been, and remains, a Canadian registered company.
4) As of Jan.1, 2016, it will become a U.S. Issuer for reporting purposes. It will still not be a U.S. registered company.
Canadian Pacific Railway Ltd. lifted the veil on Chairman Gary Colter’s resignation, saying he stepped down after he and another director triggered an errant news release on the departure of another board member.
The exits of Colter and Director Krystyna Hoeg, who led the nominating and governance committee, were both announced early Tuesday. Hours later, Canadian Pacific put out a statement “in response to questions from investors and to address inaccurate speculation.”
Director Stephen Tobias told Colter on July 3 that he was ready to leave at a date set by the board, Canadian Pacific said. Colter and Hoeg then spurred an announcement that Tobias had left as of June 29, but without consulting the board or seeking action on Tobias’s resignation, the railroad said Tuesday. That error has been corrected, the carrier said.
“Mr. Colter and Ms. Hoeg offered to resign in light of how this issue was handled,” Calgary-based Canadian Pacific said. “The board unanimously accepted their resignations.”
Because Tobias was a continuing director through June 30 and with a majority of the board being U.S. citizens, Canadian Pacific is no longer eligible for the so-called foreign private issuer exemption from the U.S. Securities and Exchange Commission, Canadian Pacific said.
Looks like this might be the downside level to hit before any significant turn. Pull up the 10 year chart, put on the EMA and SMA at 20, 50, 100, 200, and 365. Through in the MACD, RSI, and Stochastics and see what you think. The 1, 2, and 5 year charts show $82-84 line as the next average to hit, but the MACD, RSI and Stochs are getting to pretty oversold levels. On the 10 year however, the target remains the same, but these three measures are nowhere near oversold and show the trend that has already started looking very likely to continue.
I listened to a bit of it and mgt seemed to be a little slow in reacting to changing conditions. Reflects in the increased operating ratio. I am not sure the new bunch of mgrs/execs is as good as the former team.
That is why I own CNI. They beat the numbers.Coal is a small par of their revenues,