long term winnerthis stock won't make you rich overnight. I believe cp will be a classic story of "slow and steady" wins the race. i am in this for the long haul. 15-20 years long haul. with holdings in registered, non-registered, and the maximum contribution of 6% of earnings toward the employee stock plan. also with china emerging as a voracious consumer of goods and services, the future looks bright for this company. short term, at 1.3 times book, this is way undervauled, and will no doubt spike on far better earnings in q2,3, and 4. canadian pacific railway is a long term winner. with a 125 years of storied history, this company's greastest history has yet to be written.