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To: Spekulatius who wrote (33715)3/7/2009 1:17:21 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78748
 
I don't follow NSC and CSX, but IMHO BNI is still not cheap. Earnings/EV is something like 7.5%, which reflects the fact that company is 1/1 levered. Not really something that I want to buy here now.

It may be pretty safe though and it may go back to 110 at some point giving a double.



To: Spekulatius who wrote (33715)4/22/2009 12:30:15 AM
From: Spekulatius  Respond to of 78748
 
NSC earnings are out. Abysmal is the right word i think for this:

Norfolk Southern profit falls on declining freight volume
By Jim Jelter
Last update: 5:12 p.m. EDT April 21, 2009

SAN FRANCISCO (MarketWatch) -- Norfolk Southern Corp. (NSC:
NSC 37.37, +1.72, +4.8%) reported late Tuesday first-quarter net income fell to $177 million, or 47 cents a share, from $291 million, or 76 cents, a year ago. Revenue for the railroad fell 22% to $1.94 billion from $2.5 billion, with coal hauling, general merchandise and container traffic all posting declines. Analysts polled by FactSet Research had, on average, expected the Norfolk, Va.-based company to earn 59 cents a share on $2.06 billion in revenue. Norfolk Southern shares rose 4.8% ahead of the report to close at $37.37.