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To: Goose94 who wrote (33725)8/31/2017 7:45:25 AM
From: Goose94Read Replies (1) | Respond to of 203330
 
Canadian National Railway (CNR-T) top pick from Mike Newton on BNN.ca Market Call tonite Wednesday Aug 30th @ 1730ET

After hitting a high near $109, shares have pulled back to the $100 range, so now is a great time to add to your position. The decline has been attributed to some slight degradation in their operating ratio.

In finance, the operating ratio is a company's operating expenses as a percentage of revenue. This financial ratio is most commonly used for industries which require a large percentage of revenues to maintain operations, such as railroads.

CN Rail's operating ratio is already at a best-in-class mid-50s, so investors should not be too concerned.

As well, its robust competitive position, best-in-class operating metrics, and outsized growth profile continue to impress on almost all accounts, reinforcing the view that CNR remains a long-term core holding.