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  • Manufacturing swoons in Australia, with the January PMI sliding to 40.2 from 44.3 in December. New Orders led the way, diving 6.3 points to 39.4, and there's little letup in Input Prices, which continue to expand at 58.5. The news should refresh disappearing hopes for more rate cuts. The ASX 200 +0.9%, the aussie -0.2% to $1.0402. [View news story]
    EWZ is NY stock based on many Company investments - the largest being Brazil Petrobas.
    Feb 1, 2013. 12:18 AM | Likes Like |Link to Comment
  • 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. [View news story]
    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!
    Jan 25, 2013. 03:16 AM | 1 Like Like |Link to Comment
  • Warren Buffett and Carl Icahn are reaping the benefits of surging demand for railroad tank cars to haul shale oil from beyond the reach of existing pipelines, as rail shipping has become the method of choice at new production sites because obtaining permits and rights-of-way can slow pipeline construction and make it more costly. [View news story]
    CSX - Ready and able!
    Jan 3, 2013. 05:34 PM | Likes Like |Link to Comment
  • More on the iShares price hikes: Mostly targeted for higher fees is the manager's line of single country ETFs - Brazil (EWZ), Japan (EWJ), Australia (EWA), Hong Kong (EWH), Canada (EWC), and Singapore (EWS), just to name a few of the more popular ones. [View news story]
    Held EWZ for few years. This was a disappointing year and will see what happens in the first quarter, 2013. No real improvement noted - will certainly move on!
    Dec 31, 2012. 05:55 PM | Likes Like |Link to Comment
  • CSX (CSX): Q2 EPS of $0.49 beats by $0.03. Revenue of $3.01B (flat Y/Y) misses by $40M. Shares -0.5% AH. (PR[View news story]
    Considering a few weeks ago there was an article about Warren Buffett, who owns a huge Railroad Company was said to be thinking of more rail purchases. CSX was among others mentioned as possible interest
    Jul 18, 2012. 12:46 AM | Likes Like |Link to Comment
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