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Union Pacific Corporation Message Board

  • richarda97 richarda97 Jun 20, 2013 8:42 PM Flag

    starting to buy back in

    Even though the weekly carloadings have been down 3% for two weeks in a row, I decided to buy back into UP at the close. We are a month away from earnings and the price should stay around the 150 level barring any more big declines in the market. I think we should see buyers of the overall market at some point tomorrow. The 5% correction from the top is healthy.

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    • Richard,car loadings are strong in the south. I have never seen so much being spent on additional capacity all over the UP. They are adding additional sidings ,double track ,yards and terminal run thru lines like there expecting a surge in business of historical significance. Any thought's on why.

      • 1 Reply to depecaut
      • UP has spent a lot of money on the Sunset corridor over the last decade. They are doing everything they can to make this the location of choice for industries of all kinds. This also helps all Mexico business go West.

        Two groups are hurting UP right now. Coal and Agriculture. Just about everyone knows about how the administration has declared a war on coal which is a big money maker for UP. I bet a lot don't realize that Grain business is down 20% year to date at UP. There a number of reasons for this, including a labor dispute at the ports.
        That is why UP must keep up their oil and other industrial businesses.

    • Nibbling a little bit more as UP breaks just below 150. The overall market is down on China news. Rumors of Obama killing the U.S. coal market are causing the coal stocks and rails to get hit. Cramer said this AM to watch the rails for what is happening with coal being affected by Obama.

89.06-0.93(-1.03%)3:51 PMEDT