Cdn. National Railway CNR, CNI
reported great numbers
operating ratio 2Q declined to 58.6 from 61.2 last year.
(lower the better) probably the best in North America.
.89 2nd Q profit/share up from .73 last year.
revenue rose 1.95 billion up from 1.8 billion last year.
plan to buy back up to 28 million shares.
on this news the stock drops 3% the next trading day. :shrug:
I own CNR CNI and CP, CP is not as well run but has more exposure to nat. resources.
maybe investors believe the north america economy will show neg. growth. and that Asia will stop growing.
Greatest RISK: sometimes the market no longer wants to pay 15PE for a railway with growing earnings.
back in 1999 suggested CNR at $100 (just before a 2-1 split) after the split stock reported great numbers, but the market put more on techs and cnr fell to 9PE.
also there was a merger that cdn. government approved but US did not. so they grew the company by buying smaller US and cdn. regional railways.
anyways the stock was a great investment, short term and long term. however it fell about 30% after I wrote what a great buy it was.......
this is a great invesment but the market may not care and take the stock lower.....3% so far on Friday. let us just hope it is not 30%....lol
thanks
selkirk
reported great numbers
operating ratio 2Q declined to 58.6 from 61.2 last year.
(lower the better) probably the best in North America.
.89 2nd Q profit/share up from .73 last year.
revenue rose 1.95 billion up from 1.8 billion last year.
plan to buy back up to 28 million shares.
on this news the stock drops 3% the next trading day. :shrug:
I own CNR CNI and CP, CP is not as well run but has more exposure to nat. resources.
maybe investors believe the north america economy will show neg. growth. and that Asia will stop growing.
Greatest RISK: sometimes the market no longer wants to pay 15PE for a railway with growing earnings.
back in 1999 suggested CNR at $100 (just before a 2-1 split) after the split stock reported great numbers, but the market put more on techs and cnr fell to 9PE.
also there was a merger that cdn. government approved but US did not. so they grew the company by buying smaller US and cdn. regional railways.
anyways the stock was a great investment, short term and long term. however it fell about 30% after I wrote what a great buy it was.......
this is a great invesment but the market may not care and take the stock lower.....3% so far on Friday. let us just hope it is not 30%....lol
thanks
selkirk
