Mr. Daniel, hold strong, there are better days ahead. This stock was on the verge of BK, yet they pulled themselves back above water. In the market, you can make money overnight some of the times, but most of the time it takes patience. Fro will survive, Fro will make you money, if you are willing to wait? Those OPEC boys are letting the oil flow, and somebody has to ship that oil. Do you have patience?
If a merger was to happen, it wouldn't be with any Canadian railroad. It would be and east/west merger with UNP or BNSF. If the STB were to let one takeover or merger take place, all the other railroads would follow in the process. Don't hold your breath, the STB won't let it happen, even the CP knows this to be true.
I've said it before, this one reminds me of JAZZ back in 2009. The potential is there, its just a waiting game.
They have actually been way behind in the past few years, but now seem to be over hiring. Nobody can figure them out. Although Conrail did massive hiring just before the takeover, makes you wonder?
This has nothing to do with earnings. This stock will not climb until the price of gold rises.
Harrison isn't running CSX, and current management can't compare to him, no faith amongst employees. In need of change.
You are right about that. Not much confidence in this management. The plan is always changing, never consistent, and way too much poor decisions being made. Change is needed from the top level who call the shots.
As an employee, I can't see it working. Trains never run on time, there are always delays and backups. Derailments, train stalls, switch failures, crossing accidents, trains in emergency. That plan is written as everything running perfect all the time.
The point is, shippers like FRO are on the go moving that oil. They might not be storing as much, but business is good. OPEC still isn't cutting production, and things can only get better as time goes on.
I would say back to $1, they have to remain under $1 for quite a while before compliance becomes an issue. I believe they will avoid BK, DRYS is probably in better shape for turnaround compared to other dry bulk shippers.
You can't say nobody saw that coming. If you followed them in the past few months, you'd have known they were on that fine line of survival. The question was, will they fall or will someone bail them out? It was very risky, doesn't surprise me at all that they fell.