Have you been noticing railroad stock prices lately. Last summer and fall I bought a small amount of BNSF and NS stock at what I thought was high prices. Since then both stocks have gone up approximately 50 per cent. I did not expect any gain like that. Today I got the NS annual report and it explains how traffic, revenues and profits have increased. I had bought some CSX stock several years ago and the perfomance had not been good for most of the time since then but CSX stock has also gone up in the last several months. I don’t know if it would be a good time to buy more stock at these prices but the stock prices now make the prices from last summer look reasonable.
Yes the CNBC whiz bangs have been reporting it for several weeks now. [:o)][:p][:)]
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Originally posted by cnwrwyman
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The personal finance magazines (Kiplingers, Smart Money) include investment recommendations for rail now and then. Interesting that the stock prices are so high even with the rising fuel prices. The RRs use futures contracts for fuel…
MSNBC said again that RRs are a “good” investment these days[:p][:)][:o)]
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Originally posted by cnwrwyman