RE:RE:RE:Ms Robinson and the Board sure ghostzapper wrote: When she was appointed CEO CNR was trading at $157.21. She should be fired in fact.
So its down 6%... Fired? Let's burn her at the stake for that!
You're aware it was over $181 in the spring, so it was up over 14%... With dividend increases of 7.85 and 7% with anouther incoming in just over a months time, likely in the 5-7% range... This has come in times of several messy contract renewals, extreame weather and floods & fires, the loss of business due to pipelines, droughts/poor harvests, issues with external supply chains, a regulatory shoot down of a large deal, very high irregular interest rates and now a political trade threat...
With the dividends paid out in that time things are flat, which is pretty ok considering all the above issues in less than 3 years...
I threw down $104,000 worth of Put Options 5 minutes before close for January 10th at $148 and $150 strikes. I currently have 300 shares and will be at 1000 if those go through, (which I dont believe is on the likely side, I think I'll end up just collecting the permiums)... but thats an attempt to have added 900 shares since early August. I believe we will float back up next year in the 180-195 area, and I'll have all those shares for selling advantagous Calls to amplify returns.