Now they are a bad investment. Pisanti been pumping the the good signs of the market for 2 weeks. All of a sudden its all bad. Too late the horse is out of the barn! Better off watching soap operas during market hours.
Actually i'm buying BNI not CSX but watching them all. In any event Cramer is being overly harsh on the rails. Saying wait to buy CSX at $22 is extreme. Don't think it will go that low unless DOW goes to 6000. I think you will see him soften his negative stance on the rails shortly and start saying BUY. Rails are not like tech stocks, they have huge infrastructure value. Wouldn't be surprised to see one get bought out if they go much lower.