
NASDAQ:CSX
This summary was created by AI, based on 4 opinions in the last 12 months.
CSX Corp has shown considerable strength in its recent performance, breaking out of consolidation patterns and potentially reaching prices above $50. Experts highlight the importance of the $43 support level for both traders and long-term investors. While speculation about potential mergers in the railroad industry exists, it's advised not to base investments solely on this, but rather on the underlying business growth, as evidenced by a positive full-year forecast and year-over-year volume increases despite mixed earnings results. Overall, CSX is expected to fare well in a stagnant economy and could benefit significantly if economic conditions improve. An activist shareholder's involvement and strong leadership under its CEO add to the optimistic outlook for CSX's future prospects.
Likes the rail group as kind of a soft cyclical as they carry a lot of goods and traffic. As long as the economy is not going into recession, traffic and volume growth tends to be positive. Anything that is kind of cyclical she would wait until there is clarity on the fiscal cliff. There is no point rushing in.
Doesn’t want CP at 20 times earnings when he can have this one at 10 times earnings. This is the ugly duckling. It is a great opportunity. It is cheap by valuation metrics and another smart buyer back of shares.