News Wire: CSX reports strong earnings growth despite flat revenue, slumping traffic

It has been a Hedge Fund takeover, with a snowjob to the institutional investors. There is virtually NO CSX management left on the property - unless the excersized their seniority rights to craft positions.

So sort of, go along with what BaltACD noted; an old accounting axiom “…Figures don’t lie, but liars can figure…”

Apparently in line whith what Musphy Siding noted; “…CSX accountants, in addition to having some really sharp pencil’s, and magicians on staff; they have accomplished the ‘trick’ of being able to produce rabbits from about any orifice…”

A question that seems to need to be answered is what, within the CSX Corporate Structure has made them the targets of TWO attempted takeovers?

Recall, in about 2007/08, when the Childrens Investment Fund, in concert with 3G Partners instituted a take over? See article linked at @

https://www.marketwatch.com/story/activists-win-four-seats-on-csx-board

CSX was able to take a significant positive charge to earnings related to the new tax law and their deferred income tax liability. I am not sure how that works exactly but it was significant.