NSC has been such a disappointment. It has dropped from 110 to low 90s in a very short time. The market is just trashing this company.
This IPOed for $17 I think fifteen years ago and it is now 21? It has bounced around 20 for a decade. What new thing is going to make this go to say 30?
I can see why railroad like Kansas City that serve North Dakota and the Permian Basin would drop with oil shipments slowing down. But, NSC doesn't have that kind of oil tanker business. So, why would it be hit this badly?
Hard for me to get excited about this stock. It has bounced between 16 to 30 for a decade now. I can't see anything to push it farther. In most of its diverse businesses it is, at best, an also ran. It's dividend is an also ran. You want dividends, buy GE (though I am not a fan of it either). I just don't see why this is a good place to put your money. Maybe, if it dropped to the bottom of its trading range (say $16) I would like it. But, it ain't there, yet.
Immelt has consistently made either the wrong moves or the right moves at the wrong time. He paid way too much for Alstom and that is going to be a drag for the coming decade. Frankly, it is long past the time for Immelt to be fired.
the problem with Graham it is based on "all things being equal." Bad assumption. The coal industry is being attacked by the EPA. There is a fundamental decrease in demand going on and a displacement by low cost natural gas. ARLP is the best buggy whip maker around, but the demands for buggy whips is going south.
We are in a world of 1% T-Bills. this stock generates a 10% dividend. So far, it has been solid. I don't see how this continues. This stock has to go up.
Actually, no one said that Hannity, O'Reilly, and Kelly are news shows. They are opinion shows. Like they are on MSNBC and other networks (like 60 minutes, etc). Hannity has called himself, many times, a conservative advocate.
I took every bit of my capital that was available (not tied up in other investments) and put it into the VLO pot. VLO at 46 is absurdly low. Falling oil prices doesn't hurt VLO. In fact, it is good for VLO. I think VLO has dropped for the wrong reasons.
Sentiment: Strong Buy
I jumped in the other day when this stock hit $46. You think refining is going away? I don't. They have excellent cashflow, low P/E, and a good basic business. They have been raising the dividend steadily. I think, by next year, this stock will be in the 50s.
ABB has never really made money. Oh, sure, if you bought at a low and sold at a high you did OK. But, all it has going for it is a 3% dividend. Europe is going into a recession. Dump this stock.
I hope not, I got back in at $49. I sold my original position at $53. BP is making a ton of money per share right now. Yes, they have problems, but the cashflow is enormous.
I took a big position when BP dropped to $40 after the oil spill. It took time, but it is now at $53. Its evaluation is now less than the other oil companies but not by much more than $20 to $25 billion. This is the approximate cost of the oil spill. I, therefore, think that BP is now fairly evaluated. It is time to sell. I think the other oil companies will do as well and there isn't enough discount in BP to make up for the legal risk of the oil spill.
remember yahoo. We will look at this $100/share offer a year from now and shake our head. I would take this money and run. But, if I am an executive at AZN and might loose my big payday, sure I am against it.