Choosing stocks out of the Value wreckage can
probably be a little tricky--not sure I'd want
to touch the retailers, Penny's, Sears etc.
But I have bought Washington Mutual at $22.
Back in January WM reported Record Fourth-Quarter
and Annual Earnings; Increased Cash Dividend
wamu.com
I think this is worth a look--I might have to
sign up for their PC banking and give it a test
drive:
wamu.com
The other value stock I own right now is BNI--
earnings beat expectations last time and with high
oil prices, business has to be good! The merger with
Canadian looks like a pretty sweet fit. This one
was recommended by my Dad to me, he knows his rails
and he made some good points. In the news we have..
U.S. official calls CN/BN rail merger benign
biz.yahoo.com
If eventually approved by the STB, Canadian National and Burlington Northern would create a network with almost 50,000 miles (80,500 km) of track, stretching from Halifax on the Atlantic coast to Vancouver on the Pacific, and southward to New Orleans and Los Angeles.
I love this from Joseph Resendes told the Rail Customer Forum: DuPont was already captive, served by a single railroad, for 80 percent of its rail traffic. ``The implications for the consuming public and the economy are obvious and dire,' Resendes said.
The only dire implication for the consuming public is the number of trucks on the road. Shipping by rail is a great business, I am happy to own a little BNI! |
