I've been in CNI since 2008. I'm very happy with the %112 total return I've gotten. When I bought it was at excellent value, both in terms of PE & PEG.
However, it currently has a PE=18 & a consensus based PEG=1.6. This probably means fair value, especially as I think revenue & earnings will improve in lieu of North American energy & manufacturing expansion. I am looking to therefore add more.
Does anybody have any doubts about projecting growth? Is there a reason this isn't compelling value at this point? Any thoughts would be appreciated.