I made $1,450 on PennyStock101 (org) 's last nasdaq play. (search em) I like how they alert the most undervalued otcmarket, nyse and nasdaq companies.
The transparently self-serving, and unfounded threat that "government would never approve it" is the alibi that the incompetent, and therefore justifiably paranoid, executive suite in the rail industry is using to protect their undeserved jobs. And you. like everyone else, has accepted it as a fact.
So the NA economy is being deprived of a much improved, more efficient supply chain, and shareholders are being deprived of a value-creating payday, all for the sake of a couple dozen middle-aged incompetents at CSX and NSC who have no where else to go.
And this travesty isn't Wall St's fault... in fact, it's everyone else's BUT.
Couldn't there be more big investor unhappiness, putting pressure on management for mergers? I wonder, though, if any merger would get US government approval.
Irrelevant. If anything, times of weakness are never good for doing deals. Everyone feels the victim of opportunistic buyers.
Best when industry fundamentals are strong, which is why CP tried discussions last year...CSX management was just myopically unprofessional, selfish and stupid. Which any management and board can do if their shareholders put up with it.
Received this yesterday, anyone know what this is all about?
The above-listed stock is part of a non-mandatory reorganization or tender offer, which currently expires on 08/12/2015.
Where to find more information:
For offers initiated by the company, information can often be found on the company's website.
If the offer was initiated by a third party,
BAC analyst comments whacked the railroaders today. DJ Transports Index is very weak on the report and back down near the recent lows... seems like WS is trying their hardest to induce a market correction by repeated attacks on the DJT Index... very powerful stuff.
@Major rail carriers are seeing lower-than-expected demand that reflects weak growth in commodities, an analyst said Wednesday. Ken Hoexter of Bank of America trimmed his targets on three of the companies, while lowering his 2015 earnings estimates by an average of 4 percent. "We remain cautious on the group," Hoexter said, although he believes that sequential growth will resume following the third quarter. Hoexter nonetheless reaffirmed Buy ratings on three rail companies he believes are not threatened by service issues: Canadian Pacific Railway Limited (NYSE: CP), Union Pacific Corporation (NYSE: UNP) and CSX Corporation (NYSE: CSX). Soft demand for rail services will keep stock price gains muted in the short term, according to Hoexter. But growth investors are likely to "revisit the group" later in the year when comparable results get easier, Hoexter said. Hoexter cut his target by 4.5 percent on Canadian National Railway (NYSE: CN) to $66; on Canadian Pacific Railway by 1.5 percent to $192, and on Norfolk Southern Corp. (NYSE: NSC) by 4.8 percent to $100.
Personally, I am in for the long haul. I will purchase more if CNI, reaches a new low. Taking my railroad stocks, to the grave. with me. Will let all my relatives, fight over my estate.
Cut in target price today from Barclays. That's like the 3rd time they changed it in three months which seems excessive.
@Canadian National Railway Company Price Target Lowered to C$82.00 at Barclays (CNR)
Posted by Scott Davis on Jun 8th, 2015 // No Comments Canadian National Railway Company (TSE:CNR) had its price objective trimmed by Barclays from C$90.00 to C$82.00 in a research report released on Monday morning. Barclays currently has an overweight rating on the stock.
@Barclays Raises Canadian National Railway Company Price Target to C$90.00 (CNR)
April 24th, 2015 Canadian National Railway Company (TSE:CNR) had its price objective raised by Barclays from C$87.00 to C$90.00 in a research report released on Tuesday morning. Barclays currently has an overweight rating on the stock.