CP and CSX are already working together to mitigate their vulnerability to the "unmitigated disaster" that is the Chicago black hole. Both will benefit. Place your bets.
Wells Fargo analyst is a failed comedian and/or a pr*ick.
Is CP undervalued? Certainly looks that way given the dividend value of 1.52. This sort of setup means potential upside... Do you guys find it difficult to know when to buy or sell something? I prefer to get my stocks from awesomestoc-ks.
Canadian Pacific Railway Limit NYSE $CP Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.8 In other words, the correlation coefficient of the other stocks
Downside risk pretty much eliminated now I would guess, thoughts? check out awesome-STOCKS, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
Timeless life lesson #6: When selfish cowards are pushed up against the wall, they always choose running away instead of facing the music they wrought.
When CP ran out of time and excuses to block the proxy vote, the Chairman and CEO both quit just before the vote....shareholders were literally showing up at the conference room for the meeting that morning when they found out the cockroaches had quit before being humiliated.
Today, 'Donnie The Dealmaker' played the role of Chairman John Cleghorn, Paul Ryan as his bumbling sidekick CEOP Fred Green.....pulled their POS health bill before it went down in flames on a vote.
Scroo shareholders, and scroo taxpayers. It's all about us and our precious egos, you fools.
Dear Marc Garneau (or your equally inept, vote-pandering successor at the Ministry of Transport):
When CP gets acquired by an eastern US freight railway, which is now its most optimistic ultimate fate, you can take your share of the political credit in setting that course. Instead of celebrating or (heaven forbid!) even just acknowledging the fact that two Canadian railways were now the very best in the world, you used CP as a public whipping boy any time your government needed a little boost and some 'friendly ink'. From hapless scapegoats for Lac Megantic, to painting them as the arch enemy of the poor grain lobby, your ability to vilify the railroad as the root of every transport problem in Canada has been impressive.
So if/when CP eventually becomes the acquisition target of that US railroad, do enjoy that last bit of performance art....the moral outrage about the 'greed of corporations' and 'the threat to Canadian sovereignty' that you will no doubt trot out, crassly parlaying a shi* sandwich into some electoral capital.
But you will not escape facts: YOU have already caused this. YOU took up the mob torch from the arsonist LIsa Raitt, and YOU held it just as high. Continuing the beating of Canada's biggest private sector success story of the past 20 years, while handing bag after bag of taxpayer money over to corporate basket cases like Bombardier. YOU and your government interference and abuse made CP a target instead of an acquiror, a victim instead of a world-class champ. All those head office jobs will ultimately head south, those income taxes paid to Washington instead of Ottawa.
As I see it, Canada simply can't afford to lose any more cash cows. The country is broke, you have an insane hatred for all natural resources, and international trade is in chaos....not a cheery outlook. I guess you're "all in" on the idea that if you let enough refugees and immigrants in, some of them will start up of the next Apple and Microsoft. That is some optimistic dice rolling right there. Killing off golden geese to chase a dozen invisible eggs.
There's not many ways to describe such a political achievement. Treasonous.
The trading setup for CP looks very alluring with EPS(ttm) hitting 8.07. The last time things got this interesting there were explosions. Ive been struggling with this stock lately. Some of my other trades have been from awesom-eSTOCKS which are working out pretty well.
How about those earnings lil smokey?? and no more hunter the great....man what a bad day im sorry lil guy it will be ok....
Congrats to Keith on both the promotion and the Q4. A 56 OR despite slack volume is phenomenal.
Thank you and good luck to Hunter....your continued success is good for the entire railroad sector, and if at least one other company's senior team is willing to put their company's future ahead of their own egos, then maybe this ridiculous, destructive American politics and protectionism can be mitigated.
The entire future viability of freight railroading seems to hang on the efforts and tenacity of one 71-year old superman....shame on this crop of American rail executives, and shame on Washington.
Not CP related Well, not directly. Yet. But I got a hunch it's coming.... So stop reading if that offends you.
So today, Fuhrer Trump tweeted that everyone should buy LL Bean products. It was revealed that a family member/director donated to his campaign, which has outraged spme enough to boycott Bean.
Couple things: The anonymous general public can act like misguided, clueless idiots..that's their prerogative. But to have the President of the United States join such a petty, pointless fray...on either side....is quite insane.
This isn't government. It's the Trump QVC channel ! He tells America what to buy/not buy, who to deal with/not deal with, and the economy contorts. A radioactive version of those loudmouth hucksters on TV at 3am, without the cost of the air time.
Picking which TV news organizations he likes enough to let survive is Kim Jung Un-esque. But hocking overpriced outdoor gear from the oval office? Really?! What a thin-skinned, spiteful imbecile.
How to find weekly shipping volume data?
"......The second incident shortly after at about 5 a.m. on I-95 northbound [in Baltimore]. A tractor-trailer tanker truck was traveling on the roadway, lost control, hit the wall and flipped over the elevated portion of the highway onto the railroad tracks below. When it hit, there was an explosion and a large fire broke out, Ayd said.
Debris from the crash and explosion landed on both the northbound and southbound lanes of the highway, causing a major pile-up in the northbound lanes....." ------------------------------- Ah, trucks. Using and damaging highways for free, killing the occasional citizen, polluting Obama's precious environment more than any pipeline ever will. But providing unionized jobs for gangsters....err, teamsters.
No doubt Canadian Minister of Transportation Marc Garneau is checking into whether any CP railcars ever travelled on that section of track, so he can cut an apology checque from the railways' account.
So Pershing Square just sold a bunch of Valeant stock, crystallizing the tax loss to offset the gain made from the CP home run.
In the hedge fund game, you win some and you lose some.
But to have all the money made from all the inspired, heavy-lifting it took to turn an aircraft carrier like CP around essentially erased in an instant by a bunch of thieves in suits committing fraud..that's gotta hurt.
From Pershing Square's Q3 letter to investors:
....Over the past two quarters, we have exited our investments in Canadian Pacific and Zoetis, two highly successful activist engagements that have contributed substantially to our profits over the years. While we consider both to be high quality businesses run by extremely able management teams, we harvested these investments to free up capital for new commitments.
....In our August 26, 2016 Investor letter we reported the sale of our remaining 9.8 million shares of CP on August 4, 2016, approximately five years from the inception of the investment. During the course of our investment, CP's share price increased nearly four times, its operating performance went from worst to nearly tied for first with Canadian National, and its credit rating improved from a weak Baa-/BBB- to a strong Baa+/BBB+. While critics often accuse activists of being short-term investors focused primarily on stock buybacks and dividends, CP is a paradigmatic example of the long-term sustainable business performance enhancements and shareholder value creation we have achieved in our core activist holdings..... ---------------------------------
The elimination of any chance for big, stepwise gains in CP from a material acquisition made CP an impossible asset for a hedge fund to continue to hold.
I don't run a hedge fund.
For those who caught it.....the cold open skit for SNL this week got Trump's goat pretty good....of course, that's not exactly difficult. The guy is an 8-yr old..a childish one at that....with an oozing open wound for an ego.
If he had any trace of a layer of skin, that should have healed before puberty.....but alas.
Anyway, Bobby Moynihan as the poor, clueless sap from Virginia who thanks Trump for soon bringing back all their coal jobs was priceless. Of course, those poor fools don't even get the joke yet.
Here's some interesting figures, to say the least:
Insider trades last 12 months, per 13F filings:
CP Number of Buys: 81 Number of Sells: 2 (Those 2 sales were Pershing Square liquidating its entire stake in 2 trades 6 months apart)
NSC Insiders Number of Buys: 8 Number of Sells: 46
Which management walks the talk? Has skin in the game to succeed? Is more alligned with shareholders' goals ? And which management promises utter BS to the market, while they keep taking their money elsewhere, out of harm's way?
Ticker ROE (%, ttm) CP 35.42
CNI 24.09 UNP 20.58
CSX 14.76 NSC 13.15
There is no single, homogeneous "railway industry" in north america. There are some professionally-run, competitive players....and some that remain so incompetently run that they impede the mode's competitiveness as a service in the economy.
I remember how Hunter Harrison was literally laughed at when he put out his OR targets for CP when he took over. Analysts didn't believe he could achieve anywhere near it. Theyn dismissed it as fantasy, propoganda, and exaggeration. Because they chose to instead believe the BS they were fed by John Cleghorn and Fred Green.
Hunter (quite quickly) got to rub all their noses in it ---- even making powerpoint slides of the dismissive quotes from their related market research notes (without attribution, though everyone in the audience all knew who had written what).
Skip forward to today. Now its the exact opposite problem.
Analysts and pundits are evidently lapping up Norfolk Southern's "intentions to improve" ...without any plan, no evidence they are actually capable, and no track record of having ever done it.
This is how stupid and lemming-like analysts are. Which is why you never depend on their opinion or advice. They're far more likely to make you poor than rich.
From a letter sent to the TCRC and copied to Transport Canada:
"....We are committed to the health of our employees and our operations," said CP president and chief operating officer Keith Creel. "We are requesting a one-third reduction in the maximum operating time of unassigned train and engine employees. As we are unable to get the TCRC leadership to the table to have meaningful discussions on this topic, we must find alternate ways to improve the work/life balance of our employees while enhancing safety across our network." ----------- And again.....Ouch. For both the TCRC thugs and Marc Garneau's suit-wearing goons.