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The Coca-Cola Company Message Board

unclelarry66 1715 posts  |  Last Activity: 14 hours ago Member since: Feb 28, 2008
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  • Reply to

    Here's how this works.....

    by smokedlobster Oct 16, 2014 8:58 AM
    unclelarry66 unclelarry66 14 hours ago Flag

    This is the same ******* who has shown such contempt for Harrison and all things Canadian.

  • unclelarry66 by unclelarry66 Oct 15, 2014 9:18 AM Flag

    CSX Corp. (CSX) said Wednesday at the start of a conference call that it wouldn't comment on "rumors or market speculation," making it unlikely that it would make a statement today on Canadian Pacific Railway Ltd.'s(CP) proposed merger.

    "As a long-standing policy here at CSX, we do not comment on rumors or market speculation, and we will not address questions that do not pertain to our quarterly results," investor relations head David Baggs told analysts at the start of the freight rail operator's third-quarter earnings conference call.

    CSX didn't accept a merger approach last week from Canadian Pacific Chief Executive Hunter Harrison, The Wall Street Journal reported Sunday, citing people familiar with the talks. Discussions are still possible between the two companies, these people added.

  • The PennCentral merger was a disaster in train time performance

  • CP's is probably 22%

  • DOW JONES & COMPANY, INC. 10:57 AM ET 10/14/2014
    10:57 EDT - A potential Canadian Pacific (CP)/CSX merger -- first reported by the WSJ on Sunday -- would "make a ton of sense," Scotiabank says. The merged company would add more value with East-West Coast port access, and faster transit times, with crude-by-rail and container traffic being the most to benefit, firm says. It should also improve operations at CSX, where operating ratio of 72.3% would benefit from CP's current management structure. Timing for a deal may be a bit earlier than expected given that CP remains in the middle of its turnaround story, but Scotiabank notes CP's relationship with activist investor Pershing Square would help support a possible deal.

    Sentiment: Buy

  • Reply to

    Merger of CP and KCS would be better.

    by unclelarry66 Oct 13, 2014 8:13 AM
    unclelarry66 unclelarry66 Oct 14, 2014 11:41 AM Flag

    The fact is that the pipelines to the west coast are few and far between. UP shipments could rise significantly.

  • You forget who made the offer - E. Hunter Harrison. He was president of the Illinois Central when the offer was made by the Canadian National to buy it up and he ended up as President of the Canadian National/Illinois Central.
    He was brought out of retirement to replace CP's president. He is one of the top men in railroads.

  • Last week's shipments of petroleum products is (drum roll) up 113% from the same week last year and year to date petroleum products carloads are up 69%. Total carloads for last week (sans intermodal) were 86,700, intermodal is 51,376 TEUs and petroleum products were 4,883. Because of competition, these petroleum shipments are probably not as profitable as shipping chemicals, but it is new money coming in and it is not as time-driven as intermodal.
    Total traffic is up nearly 6% on the year.

  • Reply to

    opinions

    by irenecarol Oct 13, 2014 11:02 AM
    unclelarry66 unclelarry66 Oct 13, 2014 11:22 AM Flag

    TSLA is a growth stock, CSX is a value stock.
    You interested in growth or value?
    What is your risk tolerance, what will you do if CSX drops back to 30?
    Are you living by the Warren Buffett adage "Buy on bad news, sell on good?
    Are you diversified, such as holding an ETF for the S & P 500, like VOO?
    Have you read "The Intelligent Investor" by Graham & Dodd?

  • Reply to

    Merger of CP and KCS would be better.

    by unclelarry66 Oct 13, 2014 8:13 AM
    unclelarry66 unclelarry66 Oct 13, 2014 9:28 AM Flag

    Go read the newspaper articles about the demand for new oil by rail terminals in California. UP is reporting in its weekly carload reports that petroleum traffic is climbing, ~5% of traffic recently.

  • A while back I posted on CP's message board about some analyst suggesting a merger of CP and Kansas City Southern. If CP wants to move crude oil, this would give the line access to refineries on the Gulf coast. This would be an end-to-end merger because the 2 lines only interchange at Kansas City, but KCS has access to many refineries in Louisiana and Texas, plus sources of crude and markets for gasoline in Mexico.
    Truth be told, I hold shares in CP as well as CSX; also UNP and GWR

  • unclelarry66 unclelarry66 Oct 13, 2014 8:00 AM Flag

    Had to pare down the article. REBUFFED can be translated HOSTILE TAKEOVER, which could be good for the shareholders because it would mean a higher offer , but would not make for harmony in the new company.

  • unclelarry66 unclelarry66 Oct 13, 2014 7:56 AM Flag

    Today's Wall Street Journal makes mention of the number of oil refineries and terminals on the East Coast and that it would simplify oil train movements. Some way this merger is supposed to ease the traffic congestion around Chicago.

  • unclelarry66 unclelarry66 Oct 12, 2014 4:51 PM Flag

    Who woulda thought such a thing?
    The income tax rate on CP is about 22%, while CSX is paying 37%. S & P has a one year target of $37, while I think that is too high. Value is always in the eye of who is willing to pay for it.

    The style of railroads are quite different - long haul granger/gathering type versus shorter haul intercity bridge type.

  • BY Dow Jones & Company, Inc.
    — 3:33 PM ET 10/12/2014
    By Dana Mattioli, Liz Hoffman and David George-Cosh

    Canadian Pacific Railway Ltd. (CP)

    has approached CSX Corp. (CSX
    ) about a combination that would unite two of North America's largest railroad operators, according to people briefed on the matter.

    The overture, made in the past week, was rebuffed, the people said, and it is unclear whether the Canadian company has shelved the effort.

    A deal between the two companies would give rise to an industry giant with a combined current market value of some $62 billion and, potentially, an increased ability to take advantage of the North American energy boom.

    Canadian Pacific, that country's second-biggest railway by revenue, has a market value of about $32 billion. Activist investor William Ackman is on the company's board and his hedge fund has a big stake in it. Florida-based CSX, the third-largest U.S. carrier, has a slightly smaller value, at about $30 billion, though it generates more revenue. Combined, the two companies have some $18 billion in annual revenue and more than 35,000 miles of track, which is used mainly for moving a mix of cargo that includes consumer products, automobiles, grains, and increasingly, crude oil.

    A merger of the two would be one of the largest deals in an already active year for mergers and acquisitions, though a rarity in the railroad sector, which has seen few big tie-ups in recent years.

  • Reply to

    worst case scenario?

    by basic.energy Oct 10, 2014 4:05 PM
    unclelarry66 unclelarry66 Oct 12, 2014 9:38 AM Flag

    The same thing that happened to me when Washington Mutual went bankrupt - the stock becomes worthless. This is a high risk stock. and would be worth a lot IF things turn around. There is a problem right now with most exploration & production companies; they are spending a lot of cash on finding new oil while the value of the oil is declining.

  • Reply to

    Gordon, you were an empty suit then.. and

    by kay_o_pectate Oct 9, 2014 6:58 PM
    unclelarry66 unclelarry66 Oct 9, 2014 7:22 PM Flag

    Gee, it sure is fun to pick on somebody when they are down, especially on a public message board.

  • Reply to

    CSX a top stock to own

    by tytus1212 Oct 8, 2014 12:35 PM
    unclelarry66 unclelarry66 Oct 9, 2014 2:50 PM Flag

    I am not an accountant, I designed accounting systems and am now a Chief Financial Officer.
    CSX is not a growth company, it is an efficiently run value company that NEEDS MORE CASH, NOT MORE CREDIT. It is a pipe dream that CSX could be anywheres near the current P/E of CP..

    Again and again and again - a reverse split does not make any money, it costs money to handle the accounting of splits. I worked with the software. I know how it works - you don't.

  • Reply to

    CSX a top stock to own

    by tytus1212 Oct 8, 2014 12:35 PM
    unclelarry66 unclelarry66 Oct 9, 2014 1:38 PM Flag

    Again you show your ignorance and that you are not willing to learn. The price per share is something that comes if the company can generate revenue and profit. You know who the company needs to keep happy? It is the customer. You really need to study how to the stock market works. I have been an investor since 1969 and took my first accounting course in 1963.

    IGNORE

  • Reply to

    For Long Term Investors in SO

    by messjim123 Jul 21, 2014 10:19 PM
    unclelarry66 unclelarry66 Oct 8, 2014 8:57 PM Flag

    I have been investing in SO since 1998 and used DRIP until about 2005 when I started using it for income. I also hold GPEPRA, preferred which gives me about 6% return.
    I also hold Dominion Resources bonds and shares of T because it gives 5% return..

KO
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