ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99

To: ajtj99 who wrote (56473)	4/8/2022 8:53:13 AM
From: Lee Lichterman III	1 Recommendation Read Replies (2) of 97379

I hadn't really been paying attention to the railroads so when he posted that list and I looked at them, I was surprised they are valued as high as they are. I'm old fashioned when it comes to valuations but really? PE ratios in the 20s, 5-6 times sales, high PEG ratios? A couple are projected to have lower earnings this year than last year? I don't get high valuations for flat to negative growth. I showed them up about 15% from the lows and down 10% from highs so not exactly that bad. Latest report showed railroad activity down about 5% last month from last year. Coal shipments should be huge, I would think oil from Canada should be big also. Grain shipments might be weak this fall though. Car shipments will be weak. I don't follow the sector so I'm not sure what the big drivers are.

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