Really? I can see staying away from the airlines and truckers... seems quite cut-throat and often running losses. But railroads tend to be steady, slow growing, and mostly profitable businesses with little/no new competition since.it's a pretty big moat to cross.
I recently started to buy into oil tankers too via NAT... that sector was beat up very badly due to huge overbuild in capacity, but a turnaround could be on the horizon in the next year or two.
Yes indeed. Hey dun, do you own any of the railroaders? I've had CNI for several years now and it has performed very nicely. I missed the boat bigtime with CP though.
Petroleum transport grew ~30% in 2013 vs. 2012, but still accounts for only about 5% of rail carloads. Total carloads (excluding intermodal) was down ~0.7% in 2013. Imtermodal traffic (which is roughly the same size as all carloads... grain, coal, ores, lumber, oil etc,) was up ~4.5%. Total traffic was up ~1.7% in 2013. In short, traffic grew. I am certain prices went up too. And so revenues and profits also grew.
PS: you can see all the stats at AAR (Association of American Railroads). Real nice summary issued weekly.
then how do you explain rail operator UNP earnings report today... huh doomers?
@@@@@@Union Pacific (UNP) reported a 14% improvement in its first-quarter earnings, as higher revenue and shipment volumes lifted the railroad operator.The company said Thursday its profit checked in at $1.09 billion, or $2.38 a share, compared to $957 million, or $2.03 a share, in the year-ago period. Operating revenue grew 6.6% to $5.64 billion.
Why do you post this crapola.... anyone can see from openinsider search that these are almost all option exercise and partial sales to cover taxes.
Also, I was wondering... what's your take on that new Toyota 86 aka Scion FR-S? Seems like a pretty nifty ride for dirt cheap....
cool stuff. i always heard those old datsuns were the real deal. a mechanic i knew many years ago had a 240... nice to see people are around who still like it.
Without incorporation of a single-payer system, barrycare was set up to be a colossal failure from the get-go. That aspect was a crucial feature that would have put the squeeze on insurers. Instead, USA chose to let insurers continue to rip off users. Your bad and now you will suffer for it.
Thanks for the info... you obviously know a lot more than I do about cars. Is the 240z one of your favorite cars? I thought those things rusted quickly on exposure to air : )
Didn't he bring Adam and Eve on board? Oh wait... that would make it a threesome oops.
Did CLF propose and shareholders authorize a buyback at the last annual meeting? If yes, then I agree CLF should be buying now. If they never proposed it then they fukked up.
You lost me on the 'shipping' cost... Are you referring to rail costs to get the coal from mine to shipping port? FOB means the miner pays to deliver the coal from the mine onto the ship and then the buyer pays for transporting it to their country. FOB is what I normally see listed on pricing.
@@@@Under the Incoterms 2010 standard published by the International Chamber of Commerce, FOB stands for "Free On Board", and is always used in conjunction with a port of loading. Indicating "FOB port" means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays cost of marine freight transport, insurance, unloading, and transportation from the arrival port to the final destination. The passing of risks occurs when the goods are loaded on board at the port of shipment.
What is your timeframe and target profit to exit your CLF investment? Are you willing to hold for 3, 5 or 10 years to make 50%, 100%, 200% ROI?
ok gotcha now. but i see too many mustangs around... personally i'd go for a lime green duster demon with a 426 hemi six pack
Dude, GOOG and IBM are NOT non-events. ASML, a big semi-equipment maker, sees uncertainty ahead. SNDK did pretty good though, so maybe the tech sector is not completely doomed after all.
It's important to recognize that the runup in U prices back in late 2010 was largely due to expansion plans of BRIC nations. Although the Japan disaster a few months later had a serious impact on existing capacity in that country, China and other BRIC countries have continued with their expansion plans with revisions. A couple of plants in China are now nearing startup. More will follow.
@@@@@Start-up nearing for Chinese units 25 March 2014 A number of new nuclear power reactors in China are approaching start-up. The first unit at Yangjiang has completed full-power trial operation while hot tests have concluded at Fuqing 1. Two other units recently completed pressure tests on their containments.
You should really stop thinking so hard. Sit back, have a nice cold drink, and enjoy some soothing music. You do listen to music don't you?