Just keep an eye on the backlog. I am going to cut back if the number decreases significantly.
There is a big article about Crude by Rail in today's Wall Street Journal. Google "Dangers Aside, Railways Reshape Crude Market" later in the day and you may find that somebody has copied the article to a place that does not require a subscription to read it.
The map of rail routes that ship oil may be questionable.
There is an oil field in southern Kentucky, near Glasgow, Kentucky. In the 1970s there were a number of wells yielding 1 to 50 barrels a day of some very high sulfur crude. They were shipping crude by rail from Glasgow at that time to Tennessee Eastman.
Genesee & Wyoming bought up 30+ shortlines from RailAmerica.
G &W bought 1,000 miles of track from CP to form the Rapid City, Pierre & Eastern.
Montreal Maine & Atlantic changed hands to become the Central Maine & Quebec.
There are hundreds of shortlines in North America with constant activity
Thanks - don't forget this includes some interesting train movements- mostly Japanese container ships to Prince Rupert, BC, they get hauled by container train to Memphis in about 110 hours to interchange with other lines.
In the week ending Sept. 13, U.S. railroads set a record for weekly intermodal volume at 279,052 units, according to the Association of American Railroads. Volume rose 5 percent year over year.
U.S. railroads also registered 300,388 carloads, up 1.4 percent, and 579,440 total traffic units, up 3.1 percent compared with volumes from the same week last year. Six of 10 carload commodity groups posted gains, led by petroleum and petroleum products at 29.9 percent, nonmetallic minerals at 9.7 percent, and metallic ores and metals at 6.3 percent.
For the week ending Sept. 13, Canadian railroads reported 81,934 carloads, down 4.7 percent, and 62,278 intermodal units, up 6.2 percent. Mexican railroads’ weekly carloads climbed 10.9 percent to 16,654 units and their intermodal volume inched up 0.5 percent to 12,289 units.
Through 2014’s first 37 weeks, U.S. railroads handled 10,718,782 carloads, up 3.5 percent, and 9,522,482 intermodal units, up 5.6 percent compared with the same 2013 period. Canadian railroads reported 2,929,918 carloads, up 1.4 percent, and 2,108,966 intermodal units, up 7.1 percent, while Mexican railroads logged 579,982 carloads, up 1.7 percent, and 385,629 intermodal units, up 4.4 percent.
Through 37 weeks, 13 reporting U.S., Canadian and Mexican railroads registered 14,228,682 carloads, up 3 percent, and 12,017,077 containers and trailers, up 5.8 percent year over year.
Yesterday the S&P was down and my rails were up. Today the S & P is up and my rails are down. Sure helps to take some of the sharp edges off of the daily gain or loss. Rails are acting like electrical utilities.
1. I don't trust Chinese accounting and audits.
2. Being Chinese their prospectuses are not very reliable
3. Buy the stock on opening? Very risky and usually not very productive.
4. You are speculating that there is a ready market for the stock - may not be true.
Fewer shares do not provide any better service for the customer or reduce costs. On the other hand shareholders shy away from stocks if the share price is too high. Reducing shares does not have any effect on capital assets or liabilities, income or expenses. You need to study accounting and how to read reports. Goodbye.
The company creates dividends by creating profits by providing customer service. The value of a product (orange juice, automobile, coal,lettuce) is only created by the service getting the product to where it is needed.
How would your thoughts, not based on economics, or accounting, produce value?
Question: With the great backlog of orders, why would you care about the day to day share price and the shorts? The stock is going to give 30% in short period of time. My rule is to check if I have made a profit in 3 years.
How does a reverse stock split double the dividend? That does not compute.
Retired - I can not find what the DOT said - please give me a couple of key words or a link so that I can trace down your thoughts.
But you can not provide any mathematical proof.
Look at CP - it is doing so well because Harriman is providing on-time performance. He rescheduled the trains so that the freight cars get there before the businesses opened for the day, the former president got the cars to where they should be after the businesses closed.
Why would I care about liquidity? I have held this stock for about 8 years. I care more about operating ratio, ROA, ROE, book value and customer satisfaction. Share buyback is a dumb way to increase the share price of a stock. Ontime performance is far better.