Opinions
Jennifer Radman
CSX Corp
CSX-Q
COMMENT
Feb 19, 2016
$24.510
Stock price when the opinion was issued
Transportation
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This is an east coast railroad, and east coast ports will get more business (west coast ports are dysfunctional). They are minting money with coal shipping; Europe has de-nuclearized, so it needs other sources of energy. A long-term investment. Is down 16% this year, but has a lot of upside.
Transportation
This has been a really tough part of the market. For the Eastern rails in particular there is the coal exposure. With natural gas prices as low as they are, there was a 15% decline in coal volume last year, and another 20% this year. This quarter has guided really weak, and then improving from there. Has cost initiatives that they still have to get down. Right now this is a tough place to be. Looking forward to infrastructure that the rails have, especially at this time with how much they have pulled back, she is still Long the stock.