Opinions

Ross Healy CSX Corp CSX-Q SELL Jul 30, 2018

The rails have been on a spectacular run in this cycle. This one started down at its book value and now is close to 5 times book value. The best days are behind it. If the economy ever has a setback this stock could go down substantially.

Ross Healy

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$70.290

Stock price when the opinion was issued

Transportation

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BUY

CSX just announced a huge share buyback program and a nice earnings beat. Impressive given that this is a smaller railroad.

BUY

Reports next week. The industrial cargo business is growing stronger. If this sells off in response to Union Pacific, then buy.

BUY

Really likes the rails, a cyclical group. CN, CP, CSX trade as a team. Transport is doing quite well, and the rails have a lot of leverage in their business models. Done a great job managing operating expenses.

PAST TOP PICK

(A Top Pick Jun 22/21, Up 16.5%) Railroads are benefiting from the infrastructure and supply chain, because rails are the leading way to transport good. This is a positive. He sees 8% earnings growth. Still a buy.

BUY

He started buying it today at $36 and it's pushing $37. Upside call is $37.50.

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TOP PICK

Holding company focused on rail transportation in North America. Benefitting from the current supply chain situation. New entrance in the trending stocks, with 11 mentions in the past 24h.

BUY

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.

BUY

Run by a great CEO. The company is becoming more customer-oriented. He targets $40.

BUY

Last week, they reported a good quarter with stable volumes, up 1% YOY, led by automotives, chemicals (up 5%) and fertilizer (4%). Revenues beat, but earnings were down 8% over the year. Also, they raised guidance.

TOP PICK

Will benefit 6-8% from US tax cuts to come and a strong US economy. CSX reduced their share count by 34% in the last 10 years, while dividends have risen.

(Analysts’ price target is $38.59)

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Ross Healy CSX Corp CSX-Q SELL Jul 30, 2018

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