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I was looking at the Price/earnings numbers for the Class 1 railroads, and came up with this- BNSF 18.70 CSX 17.48 UP 16.34 NS 16.23 CN 14.40 CP 13.54 KCS 41.76 Do I have the right number for KCS (NYSE: KSU)? Why is it so much higher than the others?
Thanks Ed, I'll have to do some investigating (not investing) tonight. So it is possible, but not probable, that some investors are hanging onto the stock thinking it could become a takeover target in the future?
[quote user="CG-Rider"]Buffet had made a play for CP mid '07 before the proverbial poo hit the fan...Of course, it all cooled down. [/quote] That was Brookfield Asset Management, wasn't it? I can't remember Buffet being involved.
[quote user="oltmannd"]There are 4 new terminals being built - Memphis, Birmingham (McCalla), Knoxville (New Market), and Greencastle PA. Interestingly, Memphis and Greencastle are moving ahead smoothly, but there has been much NIMBY wailing and gnashing of teeth over B'ham and Knoxville.[/quote] Don, do you feel the Memphis terminal competes or compliments with CN's recently expanded Memphis terminal?
[quote user="selector"] Where is Dale? He might know more about recent strong interest in opening a coal mind just across the valley from me.[/quote] I'm mostly a lurker now. There has been talk about that Cumberland coal riding the E&N down to Parksville and then over to Port Alberni for shipment to Asia, but I won't believe it till I see it. http://www2.canada.com/nanaimodailynews/story.html?id=59161b4b-00c3-4039-8093-60e53ebbc57f
Perhaps if mining increases in southern Montana the Tongue River Railroad will get built.
[quote user="Paul_D_North_Jr"] Today's Wall Street Journal has a shortish article on page C-3 that quotes Matt Rose - BNSF's CEO - as saying and a compnay SEC filing as stating that Berkshire Hathaway will sell off all of its NS and UP shares before completing the purchase of BNSF early next year. - Paul North. [/quote] Anyone happen to know the level of foriegn ownership allowed in the Class 1 railroads? Would it depend on the country involved? For instance, would a German company
[quote user="CNSF"] If anyone would ever want to move containers on a transcontinental line between the Atlantic and Pacific coasts, as was suggested by at least one other poster, they could use CN between the ports of Vancouver and Halifax anytime. [/quote] Montreal would be an even better choice for an "Atlantic" port. I believe CN handles more containers through Montreal than Halifax.
The Map of the Month in the November 2008 Trains (page 42) shows a coal mine named Hilight located several miles west of Reno Junction. Does this mine actually exist, or is it a mistake in the magazine?
Yes, the Map is about the PRB in Wyoming, with Reno Junction being on the Joint Line at the start of the Reno Sub leading to the Black Thunder Mine. Sorry about the confusion. The "Hilight Mine" is shown several miles west of the Joint Line.