Buying at today's price on CSX, could easily net you 50% gain in one year!
8 times the stock has held at the $20 area....and currently priced at near recession levels!!
Don't miss your opportunity thinking this stock will continue to drop.....play your Warren Buffett card....""buy"" when the market plays the FEAR card!!
I told people earlier about CSX having a contract with another container shipping company....which will increase volume!!
This shipping company is MAERSK, a Danish company headquartered in Denmark.....which is the largest ocean shipper in the WORLD!!
This contract start Jan 2012....the results will be a game changer!!
What traffic this company brings to West Coast will move to the new terminal in Western Ohio on CSX to be distributed to Canada and the 23 eastern states!!
Europe traffic on East Coast going to mid and Western States will also move through this Ohio terminal!! This is also why CSX increased spending this year....to expand to handle more traffic.
This terminal shows the necessity of SPEED, which will bypass Chicago....saving up to "TWO DAYS" on transit time!!
Standard and Poor and Credit Suisse has updated one year outlook for CSX which average 29.50........don't be surprised when this new service starts....this outlook will increase
I always try to tell the truth...at least as I see it, and not just come out with stupid predictions
Trust me....this is a big deal
Good! I already own some stocks from CSX that I bought at $22.6 and $22.5 which I wanted to sell to get a better price but I got stuck at that price and I can't spend more money now. I am going to leave it that way. As far I know they also have a good dividend. My Metastock program just gave the BUY signal TODAY!!
Thanks for the info
This is not recession price levels. Remember, the stock split 3 for 1 and the recession low was around $24/share...that'd be $8/share.
The real difference is that the rails were telling the world they were getting double digit price increases in the middle of the recession (before, during and "after?"). Frankly, in hindsight, CSX Management did an outstanding job of telling the market how they were doing...the market just didn't believe them. In my opinion, Ward either should or did gain a significant amount of credibility then that should carry forward to today. If he's telling you business is great...it probably is.
When I said priced "near recession level" I was talking about the upside price...prior to going in recession.
The $24/share or $8 after split.....would be the price ""after actually being in a recession for 2 years""
I hope this was not miss-leading.
This week thru 9/10 shows CSX volume INCREASED 2.1% above 2010 week.
The fall peak season has not really started account Manufacturing supplies were high, with more previous expectations of growth,
but they are at "very low supply today",this will kick in shortly for holiday period as usual, even if somewhat restrained,
due to fear of consumers buying....(thanks to our useless, screw up everything, no term limit, Congress jerks)
I still think CSX is doing very well.
Retired I think your right on the money. Buying at today's price on CSX, could easily net you 50% gain in one year!
8 times the stock has held at the $20 area....and currently priced at near recession levels!! I believe in 6 months you net that,JUST MY OPINION.Great info and insight Retired.
jim....congrats on super buy and 7 figure club.....you greedy joker!!
Wish I could have been at Mike's meeting.....I would have asked him
one question? Why does "nobody" talk about free trade agreements and his outlook concerning same!!
Next chance ask for me ok? I bet he would just smile and say....watch what happens over the next 5 years!!