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Post Info TOPIC: Doom and Gloom


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Doom and Gloom
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I guess it's time to start hanging crepe around the yard office: 

Jim Cramer's Top Takeaways: Alcoa, Union Pacific, CSX, Kansas City Southern, Disney

Union Pacific (UNP - Get Report)CSX (CSX - Get Report) and Kansas City Southern (KSU - Get Report)

Report): Some investors may look at the railroad stocks, all down big in 2015, and see value, but Cramer is not among them.

railroads are only as strong as the cargo they carry, and that means coal, oil, chemicals and agriculture, all of which are sliding lower.

For years, coal has been in a slow 2% decline, but this year, shipments of coal have plummeted down 8.8%, as 84 of our nation's 681 remaining coal-fired power plants are set to close. The fact is, coal shipments are not coming back.

Then there's oil. With more and more pipelines being built, it's just not economical to ship oil via rail, especially with oil under $50 a barrel. Other cargo, like chemicals, agriculture are also bad.

 

Only intermodal shipments have any chance of a rebound, Cramer concluded, and that's simply not enough to make these stocks investable.



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Force Majeure

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Two words Snippy has never used when referring to that moran:

He's right.

Never can say never again.

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Those who can make you believe absurdities can make you commit atrocities.  - Voltaire



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Snippy is a lifer rail. Most lifer rails learned that they should never say never. At least, most lifer rails I knew around here learned not to say that.

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Uke


Cured

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*** asks *cy* have you, or any of your family, or friends, invested money in railroad stocks? (*** believes Snippy on this one.)
Kramer is not someone to trust!

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***, I used to have money in railroad stock but not anymore, nor have I for several years now.

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