Yeah, I saw the beginning of this decades ago when I worked in their police department - back when they got rid of caboose to cut positions and save money. Of course, what you're talking about is endemic to corporate America as a whole, and will ultimately erode the profitability of corporations. Same for Home Depot and Lowes. Remember when they first opened and you would deal with employees who actually knew something about hardware, plumbing, tools, etc.
Meanwhile CSX, with no talks of merger to spike on, is up over 3% this moment while NSC, with merger talk, is up barely 1%. These two eastern U.S. RRs do not need CP to prosper and intelligent long termers know this.
Smithfield and Budweiser do not move army & marine vehicles for United States. In case you are unaware, CSX & NSC move tons of military equipment all around bases in the U.S.
No dummy doctorphun. CSX stock went up because of value, NSC went up because of feeble takeover talk. You obviously don't know anything about railroads or how they're run.
CSX, which rebuffed takeover talk, is up nearly as much as NSC today. Apparently folks are beginning to see through CP's lowball offer. While the merger would have helped CP, it really does nothing to enhance NSC.
CSX and NSC don't need no stinkin' Canadian RRs.
Get real, man. It's a low ball offer. I don't think management is stupid enough to be suckered in; but, having worked for Southern Railway when they were taken over by NS I am well aware that management has never really been that bright, despite the fact NSC it is a good railroad--made that way by mid-level management and the totes in the yards and on the rails.
It's the MLPs. They've fallen hard on mass hysteria. Look at Kinder Morgan. Who what have figured. Buckle up, price is going lower, but I'm going to ride it out with the divies.
I think it was a mistake to divest itself of this part of the company and apparently the current stock price reflects my sentiments. You're crazy to think this stock is going near $50 - not in your lifetime.
Unusual wild swings for a RR. The merge talk was old news. Don't see how, (and apparently CSX officers don't see it either) how a merger with a Canadian RR helps CSX. CSX is doing the right thing by concentrating on intermodal expansion. It will do very well on its own without a merger.
Thanks for the encouragement. It's the holding, that's tough. But I'm headed into retirement and have to ride on the dividends and hope principal will head back upward over time.
This is not corroborated by timber companies and lumber production. Just about all timber companies are down significantly. If they're building homes they're using stockpiled lumber from last year. Things are going to get ugly.
I like the fact they lock in long term contracts with reputable tenants. Interest rate hike won't hurt this stock like some of the mortgage & financials. Just bought another lot.