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Motley Fool article about investing in NS

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<div style="margin:0in 0in 8pt;"><span style="font-family:Calibri;">Norfolk Southern Corp closed at $104.08 today, down from its 52 week high of $117.64 on November 25<sup><span style="font-size:small;">th</span></sup>, but up from its 52 week low of $87.14 on January 16, 2014.<span>  </span></span></div> <div style="margin:0in 0in 8pt;"><span style="font-family:Calibri;">Most of the increase in the stock’s market value is attributable to sound business fundamentals, i.e. return on sales, equity, and assets as well as a manageable debt load.<span>  </span>The stock is priced fairly, and the forward looking numbers suggest that it will continue to perform reasonably well.<span>  </span></span></div> <div style="margin:0in 0in 8pt;"><span style="font-family:Calibri;">It appears that some of the stock’s performance is due to the fact that NSC has been buying back its stock.<span>  </span>In 2013 it bought back $131 million more in common stock than it sold, thereby helping drive up the market value of the stock.<span>  </span>From 2010 through 2013 NSC bought back $429 million of its stock.<span>  </span>It has continued to buy back its common stock through the third quarter of 2014.</span></div> <div style="margin:0in 0in 8pt;"><span style="font-family:Calibri;">Securities analysis is a complex, dicey exercise.<span>  </span>In many respects predicting the future, especially the short term future, for equities is a fool’s game.<span>  </span>Hanging expectations on a small number of variables (fuel cost, oil shipments, etc.) is not a good idea. All of the key business variables (indicators) must be taken into consideration in valuing the current and future price of a stock. </span></div> <div style="margin:0in 0in 8pt;"><span style="font-family:Calibri;"> </span></div>
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