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CSX management guidance for a 5%-10% decline in thermal coal volumes in 2013 prompts RBC to...

CSX management guidance for a 5%-10% decline in thermal coal volumes in 2013 prompts RBC to predict the bottom of the coal market. In upgrading CSX shares to Outperform, RBC argues that the significantly low multiples at which the Eastern rails have been trading are poised to revert to more normalized levels. BMO also sees a brighter outlook for CSX on abating coal headwinds.
Comments (2)
  • Scotland1
    , contributor
    Comments (5) | Send Message
     
    I believe this will turn out to be a super year for CSX
    One far reaching possibility is that Warren Buffett has control of West coast shipments BUT is dangerously low when it comes to East coast rail. ANother positive - forget the coal, think of Oil Shale, think of carrying Oil shipments,

     

    The importance of safety on the rail is foremost in any shippers mind, and CSX has great safety records.

     

    I feel CSX will buy or lease many tankers for carrying oil and other chemicals. Think positive and watch!
    25 Jan 2013, 03:16 AM Reply Like
  • BlueOkie
    , contributor
    Comments (4471) | Send Message
     
    Pull coal from the charts and you'll see good stuff on CSX. Oil is replacing coal. When the Panama Canal widens, rails will shoot up
    25 Jan 2013, 06:44 AM Reply Like
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