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Canadian Railroads > CP: The best in the business?Date: 05/29/15 18:06 CP: The best in the business? Author: Lackawanna484 Carmel Wellso, the research director at investment manager Janus Funds, suggests Canadian Pacific as one of the firm's top picks. Although Barron's is a subscription site, the content is often available via a Google search
Canadian Pacific: Railroads are another industry Wellso likes right now, largely due to significant consolidation. “Because they have oligopolistic pricing, we think it has a long runway for growth.” Wellso adds that freight volumes are picking up, especially in oil. Specifically she likes Canadian Pacific because she says the management is the best in the business at allocating capital. The company’s return on invested capital is 20.5%, better than Union Pacific’s 18.8% as well as CSX’s and Norfolk Southern’s, at around 11% each. Date: 05/30/15 04:11 Re: CP: The best in the business? Author: joemvcnj Of course, it's completely irrelevant to these Wall Street stuffed shirts how EHH dis-invests in physical plant and safety.
Janus Funds won't utter a word when an oil train derails and blows up. But then we'll hear the talking idiots on CNBC, like Kudlow, carry on and on about the Keystone Pipeline. Edited 1 time(s). Last edit at 05/30/15 04:33 by joemvcnj. |