RE: I'm out. Not me.....Hopefully you made a profit on your exit.
There are many risks that I can see on this one for sure (fuel prices, economy, US border fears affecting N/S trade, grain/weather risks, unfunded pension liabilities, FX.......am I missing anything?
). But it has fallen quite a bit already to discount some of these fears. It is possible to fall more from here of course, and I have a limit order to buy more if it does.
On the other hand, mgmt is taking action to improve operating ratios, and I notice in their latest AR that headcount is shrinking over the next 2-3 years. I also notice that the trains rolling by on the track are loaded to the hilt, more so than I remember seeing in a loooooong time, so that is a good sign (not scientific mind you).
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