Bullboard - Stock Discussion Forum Canadian National Railway Co CNI

Primary Symbol: T.CNR

Industrials Railroads

Canadian National Railway Company is a transportation and logistics company. The Company's services include rail, intermodal, trucking, and supply chain services. The Company’s rail services offer equipment, customs brokerage services, transloading and distribution, private car storage and others. Its intermodal container services help shippers expand their door-to-door market reach with about... see more

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TSX:CNR - Post Discussion

Canadian National Railway Co > Is CNR Overpriced or Just a Defensive Buy?

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Post by MoneySignal808 on Nov 22, 2024 10:52am

Is CNR Overpriced or Just a Defensive Buy?

Look, I love CNR’s stability—it’s practically the definition of a defensive stock. But at a P/E of 20, are we paying too much for that safety net? It’s not like railroads are a high-growth play. Maybe I’m overthinking it, but it feels like this might be a good time to wait for a dip. Also, I've been keeping tabs on BOLT.CN; word is it might skyrocket. What’s everyone else doing—holding, buying, or sitting out?