Western Railroad Discussion > PSR rears ugly head again

https://www.progressiverailroading.com/norfolk_southern/news/Investor-group-proposes-new-leaders-for-Norfolk-Southern--71294.
NS investor wants more money and quickly too.

How is this different then what is happening now? Activist investor buys a stake and then want's an immediate return on their "investment".
Sounds like just another day on the Wall Street Merry-Go-Round to me.



Edited 1 time(s). Last edit at 02/20/24 18:36 by PHall.

Well, of course, we are seeing the unvarnished destructive nature of the stockholder system.  

No, how could you say that? Look at the OR's, the rails are making money hand over foot,
they've got to be a great investment!! (I'm hurting myself laughing again"

Out 

Look at NS stock in the last 6 months. Its gone from $184 to $254 a share.

PHall Wrote:
-------------------------------------------------------
> How is this different then what is happening now?
> Activist investor buys a stake and then want's an
> immediate return on their "investment".
> Sounds like just another day on the Wall Street
> Merry-Go-Round to me.


Exactly! We've officially gotten to the point where a Wall Street directed board/management team dedicated to the PSR bible, is trying to be booted by another Wall Street directed board/management team dedicated to the PSR bible. Whatever!

PHall Wrote:
-------------------------------------------------------
> How is this different then what is happening now?
> Activist investor buys a stake and then want's an
> immediate return on their "investment".
> Sounds like just another day on the Wall Street
> Merry-Go-Round to me.

The biggest difference will be the color of the cotton candy clouds that the thoroughbred unicorns will be frolicking on

Posted from iPhone

Doug Wetherhold
Macungie, PA

pt199 Wrote:
-------------------------------------------------------
> Look at NS stock in the last 6 months. Its gone
> from $184 to $254 a share.

I streched the charts farther and in 2021-2022, NSC tended to peak in the $280 range, with valleys in $240-$250. The stock dipped predictably after the East Palestine derailment (February 2023).

Current CEO Alan Shaw's "reign" has not been good for the stock price, as the "peaks" have been in the $250 range since he took over in 2022. He's on record to be anti-PSR so the unresearced comment about "just another Merry-Go-Round" is not quite accurate. But what you point about the last 6 months is telling.

If Ancora Holdings and other "PSR advovcates" bought the stock in 2021-2022, I'm laughing at their misery for not getting their "returns." Sucks for them!

pt199 Wrote:
-------------------------------------------------------
> Look at NS stock in the last 6 months. Its gone
> from $184 to $254 a share.

Time to start gutting the assets.