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.
Because those of us that live off of the dividends will sell the stock and buy stocks that pay quarterly dividends after we try to vote out the chairman of the board and all of the directors..
I don't understand. According to the second quarter 10-q they paid $135 million in interest. That is excessive! If they bought back some of their bonds instead of share buyback, they would reduce their fixed costs.
BTW- After I was replaced by a spy satellite in the Air Force, I went to work as a a computer geek. I spent 35 years designing manufacturing control and accounting systems.
Now I am a part time CFO for a company that my wife owns which makes clothes for quadriplegics.
I am invested in VTI and I am moving portions on my individual stocks into VTI to provide a more balanced portfolio because I know 2 sectors very well and have done quite well in these sectors. I do not like SPY because there is so much minute by minute activity, but if you want to invest in just the S&P 500, look at VOO because the charges are less. Because I felt the need to diversify into other countries, I have been putting money in VXUS, which is very diversified. and provides a decent dividend.
Everybody seems to be lumping container shipments as one entity, but there are several scenarios and factors. See how these factors could effect things
The reason that shipments would come through the canal to Eastern ports is if the costs are less than coming across country by rail or truck from a western port
Every day that the shipment is in motion there is the cost of transportation, cost of insurance and the missed opportunity cost . If I had a million dollars of inventory tied up in transit, what could I be doing instead with the money?
What is the travel time going to be when going through Miami or Savannah or New York versus Long Beach and UP or BNSF to Chicago?
If you are a car manufacturer, like Kia and moving car parts to the one plant that you own, things would be simple, (they must be doing it now).
If you are shipping Christmas goods to 30+ Walmart warehouses from China, what would it take to change your system so that you send your containers on multiple ships to multiple seaports? I have a feeling that the chain stores will be slow in having the advantage of the eastern seaports.
Tie ups getting through the Panama Canal? It happens now and they COULD get worse.
Are containers a big profit item for CSX? The market is very competitive. Truckers will carry them at a loss to get the business.
Shipments going back to China?
There are still some high tariffs to keep U.S. manufactured goods out. Ship grain, which China needs? They don't want our GMO corn or rice.. Ship scrap iron or wood, that they will take.
Cotton fabric over and clothing back? Again the problem of shipping to multiple warehouses.
No, you are trying to hold the board hostage to your foolish idiocy. If you have something relevant, say it.
You are acting very immature -grow up.
I don't know what all the competition is doing, but what it sounds like to me is that the company is thinking too small.
Did you see the announcement about the new pipeline? Copy - paste and google this and get the announcement
The pipeline will handle up to 6 liquids from condensate down, and while it states Natural Gas Liquids, it did not specify pure natural gas.
You have just proved to me that you are have no idea how to evaluate a stock. You need to read and commit to memory the book: SECURITY ANALYSIS by Graham and Dodd.
From a Motley Fool article:
There is only one combination of facts that makes it advisable for a company to repurchase its shares: First, the company has available funds -- cash plus sensible borrowing capacity -- beyond the near-term needs of the business and, second, finds its stock selling in the market below its intrinsic value, conservatively calculated.
-- Warren Buffett, 2000
Retired - Do you really think that CSX is that much undervalued? The book value is around $12 per share. Their total capital is about $32 Billion, their total liabilities is $21 Billion. They have all the costs of PTC hanging over their head and they are in need of more motive power, and a share buyback at such a high share price? Does not make sense..