If you didn't buy CN Rail in the late '90s, you actually missed freight rail's "next phase of the industrial revolution".
The other players are now simply trying to figure it out and copy it. Some more aggressively and successfully than others.
CSX management are much better at saying the right-but-meaningless things. They know who they are, what they can do, and what they want. And this is it.
Share buybacks do not benefit any one shareholder over any other...that is pure, illogical BS.
In and of itself, unearned options or "free shares" is wrong and amounts to embezzlement ...and that is for shareholders to act on. The more apathetic the shareholders, the worse it is.
The only potential value of stock splits is as a signal...potentially. The company is not worth more than it was, no matter what Mr. Market "thinks" (ugh).
Investing more in infrastructure must never be done as a bind, virtuous good idea. The incremental return on incremental investment must be more than the cost of capital, and superior to all other competing options.
But don't fret...some of the rail industry's management teams don't seem to know or care about much of any of that either.
1) CP's current taxation rate is not 20%. It is 27.5%. The Company confirmed that figure in its latest guidance.
2) CP has never issued a 10-Q.
3) CP is not a U.S. Registered company. It has always been, and remains, a Canadian registered company.
4) As of Jan.1, 2016, it will become a U.S. Issuer for reporting purposes. It will still not be a U.S. registered company.
Besides your complete ignorance of direct vs, indirect costs, and variable vs, allocated fixed costs, I won't be paying attention to you for another reason.
The posting handle taken from a homoerotic movie from 1985 is beyond funny.
That they can't do the work is one thing. But they can't even be bothered to write summary updates on the work.....wow.
Customer service is Job One.
Respect the shareholder.
Bwa ha ha hah ah ah ha a....
Starting next month, CSX will be cutting back on how often it reports on the progress of improvements on its network, from once every two weeks currently, to once a month.
I can understand that. If actually improving network speed and fluidity is something they clearly can't manage, it seems reasonable that the Herculian task of issuing a bi-weekly summary (non-) progress report might have really put the suits into a stressed-out tailspin.
What an utter joke. They're laughing at you, folks.