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.
Like I said before, you won't see a chance of anything significant until the next earnings report. Unless FRO announces something big, its regular day trading for a while.
I really don't see a good earnings report getting this up to $7. Maybe if they payoff the debt without dilution, announce the merger, and rates climb some more, I could see it.
From my experience with mergers, takeovers, they let you know that something is in the works. After that, they get quiet and silent for weeks or even months. Then you wake up one morning and SURPRISE, they announce it.
Unless FRO announces something big before there next earnings, you will see plenty of those dips. Until then its plain day trading.
A little each day just like it has been doing. No news, low volume, nothing to support the pps since the R/S. The idea of the R/S was to keep it above $1 for a while. Unless FREE announces something big to catch the attention of buyers, the shorts will bring it down.
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?
You also have to take into consideration that rates aren't usually high this time of year. FRO will survive, its a long play for all shippers.
So what is going to take them to $10? $100? $1000??? The dry bulk sector is still dead, the tanker sector is over flooded, more ships than needed with all shippers combined. Stocks don't climb on nothing. Yesterday looked like a short squeeze.
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.
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?
Harrison isn't running CSX, and current management can't compare to him, no faith amongst employees. In need of change.
This has nothing to do with earnings. This stock will not climb until the price of gold rises.
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.
I've said it before, this one reminds me of JAZZ back in 2009. The potential is there, its just a waiting game.