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Shares of Norfolk Southern (NSC -7.1%) trade lower after the company warns it sees a coal slump...

Shares of Norfolk Southern (NSC -7.1%) trade lower after the company warns it sees a coal slump extending well into 2013. Other railroad stocks are also getting hit on the news. CSX -2.6%, UNP -1.1%, GWR -1.2%.
Comments (4)
  • BlueOkie
    , contributor
    Comments (6655) | Send Message
     
    It'll get worse under Obama's EPA. Maybe Penn will wake up and vote for someone that won't kill the coal industry. It'll also cost higher utility prices. I guess we can start exporting more coal to China. Sometimes I wonder who the capitalist are and who are the socialist.
    24 Oct 2012, 02:47 PM Reply Like
  • 27mar38
    , contributor
    Comments (40) | Send Message
     
    Anyone have an opinion why KSU is bucking
    the trend? High PE and all
    24 Oct 2012, 05:32 PM Reply Like
  • smocha4
    , contributor
    Comment (1) | Send Message
     
    unfortunately I own CSX stock and since railroad stocks are considered a bell weather for the economy. God help us all we are headed back to 2009 lows or worse. I fear this stock to go to $7 per share and won't recover since QE is ineffective.
    24 Oct 2012, 10:33 PM Reply Like
  • BlueOkie
    , contributor
    Comments (6655) | Send Message
     
    I'm a buyer a $7. CSX will have some bumps in the rails but they'll do just fine. This country and the world needs coal.
    26 Nov 2012, 04:24 PM Reply Like
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