I Was Wrong About CSX: It's A Buy [Seeking Alpha]
CSX Corporation (CSX)
Last csx corporation earnings: 4/22 04:02 pm
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US:NYSE Investor Relations:
csx.com/index.cfm/investors/news-releases
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Source: Seeking Alpha
Summary Although the shares have rallied nicely since my cautious article in January, they are less expensive on a price to free cash basis. The improvement in operating ratio is stupefying. If you're an American investor, and you can only own one Class 1 railroad, I think CSX should be it. Earlier this year, I suggested that shares of CSX Corporation ( CSX ) were worth between $45 and $50 per share . They were trading higher than that at the time, so I recommended people avoid the name. I wrote some leap puts, which have done well in the interim, but the shares rallied, and those who took my advice completely missed that rally. In this article, I want to see whether it makes sense to remain cautious given the higher price, or whether I think investors should buy in at this point. I'll just jump to the main point of my argument. If you're an American investor, and you have only enough capital to purchase one Class 1 railroad, I recommend that CSX should be it. I'll go t
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CSX
News
- CSX Announces 2024 Customer Environmental Excellence Award WinnersGlobeNewswire
- CSX Corporation (NASDAQ:CSX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- CSX: Volume Trending In The Right Direction [Seeking Alpha]Seeking Alpha
- CSX Q1 Earnings & Revenues Surpass Estimates, Down Y/Y [Yahoo! Finance]Yahoo! Finance
- CSX Co. (NASDAQ: CSX) had its price target lowered by analysts at UBS Group AG from $46.00 to $44.00. They now have a "buy" rating on the stock.MarketBeat
CSX
Earnings
- 4/17/24 - Beat
CSX
Sec Filings
- 4/18/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- CSX's page on the SEC website