It's an Obama bounce....Obama doubling down on going green energy. So the coal industry is out of business and CSX won't be carry any coal shipments. Therefore revenue and earnings fall due to Democrat Liberal regulations and overall Socialist Obama policies. Change going forward? America no longer an economic power and less a military force in the Vorld.
Coal is being shipped everyday by CSX North and South. This is fact because I myself A Locomotive Engineer for them pull coal trains and see them running everyday. Coal is down domestically and up in export. Natural gas has changed the fuel resource market and will continue as it is cheaper than our historic fuel sources. This has nothing to do with politics or personal opinions.
He is a socialist, but I don't understand why CSX is doing so poorly. Even with the coal issues, business is still strong overall and the P/E is only 11. Nice dividend as well. Can't imagine it dropping anymore, barring a stock market crash that brings everything down.