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Norfolk Southern Corporation Message Board

algo41 66 posts  |  Last Activity: 6 hours ago Member since: Jun 12, 2000
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  • Reply to

    conf call

    by algo41 Nov 24, 2015 7:04 PM

    Excuse me? I have a large position and reported exactly what was said in the conference call (or at least transcript) by management. Did you even bother to listen to conference call? Stock goes down and all I read is that it is due to shorts, or manipulation or Biglari (never mind that if only Biglari wanted to sell, company would probably pay a premium). I could give my reasons for holding but why bother? If I were to judge stocks by quality of discussion on yahoo boards ..........

  • algo41 by algo41 Nov 24, 2015 7:04 PM Flag

    Not being hurt by labor costs as up only 2% quarter over quarter. However, they are seeing a continuation of the negative traffic trends of October, and expect only "modestly positive" same store sales increases.

  • Reply to

    This feels like Biglari selling.....

    by stage3time Nov 24, 2015 2:27 PM
    algo41 algo41 Nov 24, 2015 4:15 PM Flag

    wouldn't Biglari get a better price selling stock back to the company?

  • Reply to


    by algo41 Nov 24, 2015 9:32 AM
    algo41 algo41 Nov 24, 2015 10:05 AM Flag

    I tend to focus on next qtr forecast, since it is more credible in my mind than trying to forecast for a year.

  • algo41 by algo41 Nov 24, 2015 9:32 AM Flag

    Traffic not great, but real negative for me is 2nd qtr eps forecast - I don't get it: midpoint is only 1.85 vs. 1.96 last year (if you adjust last year for FLSA litigation and retroactive reinstatement of the Work Opportunity Tax Credit you get 1.93). EPS very good in 1st qtr. Am I getting something wrong?

  • Tyson earning thru Oct 3 came out and were better than last year, EVEN in chicken segment. For their next fiscal year, they are projecting margins in chicken segment "should exceed 10%" vs. 12.0% this fiscal year.

  • In last 60 days 4th qtr estimates down$.51 and next year down $1.28 to $6.71. I'd be happy with $6.71, but it may be that some analysts still haven't bothered to post new estimates, and Yahoo shows average.

  • Reply to

    Bunge is consistent missing estimates

    by whenindoubtdoresearch Nov 18, 2015 9:39 AM
    algo41 algo41 Nov 20, 2015 4:39 PM Flag

    In Mar 2015 quarter they beat estimates according to Yahoo. In general, though, I think you are correct.

  • algo41 by algo41 Nov 19, 2015 2:27 PM Flag

    I sold some shares after seeing the sizable drop in the backlog as reported in the 10-K, and their note that it had to do with demand from energy industry customers. Stock is holding up so hopefully the backlog is not important. This is the problem with a company that provides not even general guidance.

  • algo41 algo41 Nov 17, 2015 1:17 PM Flag

    you mean "seemed" or is there some news since last conference call or insider buying I am unaware of? I am still expecting good results, but I am trying to resist temptation to buy before earnings.

  • Must have gone well given share price increase. I didn't notice anything in press release for meeting, but perhaps they raised their long term expectations - I didn't check.

  • I wasn't prompted to sell, but I certainly didn't think latest quarterly earnings were that encouraging. Were people expecting worse, or is there some other explanatory theory? Continued increase in dollar can't be good. Has stock just been "discovered"?

  • At around $16.50. Maybe it was under a 105-B plan, but it bothers me that it can be done before 10-Q is out. Incidentally, why does it take them so long vs. some other companies?

  • I think that influenced CNI price positively today, presumably because there could be other combinations. Not at all sure that this would be good for CNI.

  • I am surprised about traffic, given economy is doing better, especially lately.

    Monthly same-store sales growth in the restaurant sector fell into negative territory at -0.2% for the first time since July 2014, according to an estimate from Black Box Intelligence.Traffic was down 2.8% during the month, while average check rose 2.6%.The restaurant industry has leaned on higher pricing this year to help offset lower traffic, but faces an additional headwind in Q4 with the uptick in wage levels.

  • Reply to

    Steal under $140!

    by cjmeyer1966 Nov 5, 2015 10:26 AM
    algo41 algo41 Nov 6, 2015 5:29 PM Flag

    I am not disagreeing with your conclusion, but you can't count on lack of earnings revisions by analysts (note lack of revisions up or down). I don't think CBRL would come out with revised guidance unless something terrible happened (I am assuming that is what you mean by intact).

  • Reply to

    Product Recall

    by alexalekhine Nov 4, 2015 11:34 AM
    algo41 algo41 Nov 5, 2015 5:46 PM Flag

    Shouldn't they mention this in earning release, and possibly comment on drop in opthamology sales? maybe in 10-Q, at least for latter.

  • algo41 by algo41 Nov 3, 2015 6:29 PM Flag

    Sales given acquisitions are disappointing. I corrected continuing eps to .62, and used their guidance to infer .65 for 4th qtr., but I don't feel confident. Biggest part of correction was due to acquisition costs. How long is it going to take to decide on proposal or alternatives? You might infer there are a number of bidders looking at books, but I suspect that is not the case, given share price. Is HNH proposal still on the table? I think they could have been more forthcoming.

  • algo41 by algo41 Nov 3, 2015 5:35 PM Flag

    Following was dated 12:00 PM Tuesday, so it is neither not relevant or not important given stock price movement today (excitement over Loon?):

    Monsanto Co's (MON.N) Climate Corp subsidiary on Tuesday announced a definitive agreement to sell its Precision Planting farm equipment business to Deere & Co (DE.N) for an undisclosed sum.

    The deal also allows nearly real-time data connections between certain John Deere farm equipment and Climate's farming software programs, Climate FieldView. Climate will keep its digital farming tools.

    The deal is subject to regulatory approval, the companies said in a statement.

    John May, Deere's president of agricultural solutions and chief information officer, said in a statement that the agreement would allow the company to extend the range of retrofit options available from Precision Planting to many more products and into new geographies.

    But the news was met with skepticism and some unease by some farmers who have long used Precision Planting's computer hardware and software tools, and farm equipment hardware, to help them plant seeds in ways that will be most productive for boosting yields.

    "Precision Planting was a very innovative company," said Steve Pitstick, a corn and soybean farmer who farms about 2,600 acres in Illinois. "When they were privately held, they were bringing us two or three new things a year that were great.

    "When Monsanto bought them, it was one or two new things a year, and nothing that wowed. Now, I don't know what to expect."

    For Deere, the news marks the second push into the precision-planting equipment arena this week. On Monday, it announced plans to acquire Monosem, a European family-owned farm equipment manufacturer that specializes in "precision planters" designed to increase crop production.

  • eps was very good. If chemical lines acquisition contributed as much revenue in 4th qtr as in 3rd, then this means revenue excluding acquisition dropped. Given macro picture, this is understandable. Also, it may reflect deflation - lower cost inputs. Release was less informative than 3rd qtr release.

95.40+0.85(+0.90%)Nov 25 4:03 PMEST