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Snippy


Force Majeure

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Don't Look
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Don't look at your railroad stocks today.

Hope you guys don't have all your eggs on the train.

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 I think LAMCo is done with the neo-nazi CSX rejects -- Pipes FC 8/5/23
Uke


Cured

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Not all of 'em. But a few. Long term bets...er, plays. Paper money. Not screwing around with a one. Only two. No biggies.

One of 'em is headquartered right smack in mid-USA. The other in Calgary. Alberta. Canada.

Sweet Willie's hometown.

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Hmm. That address doesnt look right.
It looks like the link pointing here was faulty.

Gah. Your tab just crashed.
Troll


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?letterdate ? /*vml*/ v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w10\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);}

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Uke


Cured

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You bastard you... You...you...Troll! Why I oughta...sue ya! That's it... You'll be hearing from my attorney! Soon's I can get 'im on my new cell phone thing!

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Hmm. That address doesnt look right.
It looks like the link pointing here was faulty.

Gah. Your tab just crashed.
Troll


500 - Internal Server Error

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Yewk.....I just recieved an e-mail from your lawyer.


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Troll


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U.S. railroads index falls most since 1989 on economy

(Bloomberg News circulated the following by Angela Greiling Keane on October 2.)

NEW YORK Norfolk Southern Corp. paced declines among U.S. railroads, dragging a benchmark index to the biggest intraday drop in 19 years on concern that falling factory orders and commodity prices herald a drop in freight volume.

The Standard & Poor's 500 Railroads Index, consisting of the four largest U.S. carriers, plunged 10 percent, the most ever based on Bloomberg data going back to Sept. 11, 1989.

A slowing U.S. economy may mean fewer shipments of coal, farm products and other commodities that have boosted carriers' revenue. Corn and soybeans dropped on the Chicago Board of Trade on speculation that a slowing global economy will hurt demand for food, feed and fuel.

``What you're seeing is a selloff across the board of commodity stocks and it's affecting the railroads, which make so much money from that business,'' said Jonathan Vyorst, senior vice president at New York-based Paradigm Capital Management Inc., which oversees about $1.7 billion.

Today's decline wiped out most of the railroad index's gain this year. August U.S. factory orders dropped 4 percent, and first-time claims for jobless benefits rose.

``It's people still fearful of the economy right now,'' said Jason Seidl, a Dahlman Rose & Co. analyst in New York, referring to the drop in share prices.

Investment Redemptions

Redemptions by hedge-fund investors also are weighing on railroad stocks, Seidl said. Hedge funds including TCI Fund Management LLP are among the biggest stockholders of U.S. railroads, and they've been forced to sell shares as investors cash out, he said.

The S&P Railroads Index had climbed 15 percent this year through yesterday. The 2008 advance was 3.5 percent after New York trading closed today.

Norfolk Southern, the fourth-largest U.S. railroad, slid $8.40, or 13 percent, to $56.64 in New York Stock Exchange composite trading.

Burlington Northern Santa Fe Corp., the second-biggest U.S. railroad, fell $6.49, or 7.3 percent, to $83. Warren Buffett's Berkshire Hathaway Inc. is the carrier's largest shareholder, with a stake of more than 18 percent as of June 30, according to Bloomberg data.

Friday, October 03, 2008



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Troll


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spacer.gifSector snap: Railroad stocks derailed

(The Associated Press circulated the following on October 2.)

NEW YORK Railroad shares plummeted Thursday after government reports showed factory orders dropped and jobless claims hit a seven-year high.

In afternoon trading CSX, Union Pacific, Norfolk Southern, Kansas City Southern and Burlington Northern Santa Fe all showed double-digit percentage declines.

Orders for manufactured goods fell by 4 percent in August - the biggest drop since October 2006. The Labor Department said initial unemployment claims rose by 1,000 last week to a seasonally adjusted high of 497,000. Analysts expected claims to fall.

JPMorgan analyst Thomas R. Wadewitz added to investors' gloom by lowering 2009 earnings estimates for some major railroads and trucking companies, seeing weak demand as the economy deteriorates. He also said rails may do better than other segments of the ground transport sector.

"Due to a combination of their strong market position (limited competition from other modes), support for volumes from the coal and agriculture segments, and moderate productivity opportunities, we expect the rail EPS growth story to show the least sensitivity to economic weakness of the broader transport segments," Wadewitz said in a note to investors.

The analyst lowered his estimates for Burlington Northern Santa Fe, CSX, Canadian National and Canadian Pacific, while slightly raising estimates for Union Pacific and Norfolk Southern.

Shares of CSX lost $6.45, or 12.2 percent, at $46.60. Union Pacific gave up $8.59, or 12.4 percent, at $60.85. Norfolk Southern fell $8.36, or 12.9 percent, to $56.68. Kansas City Southern dropped by $7.72, or 17.7 percent, to $35.89. Burlington Northern Santa Fe lost by $6.40, or 7.2 percent, to $83.09. Canadian Pacific fell $4.35, or 8.3 percent, at $48.09. Canadian National gave up $3.49, or 7.3 percent, at $44.22.

Friday, October 03, 2008



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Buckethead


Professional Asshole

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Warren Buffet is gonna make money regardless, as his shares were purchased well below market value, and is guaranteed his money, "just in case"...

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Freddie Krueger


Unstable & Irrational

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I bet it is a great buying opportunity for Warren.

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I started ophph with nuthin, and I can safely say I have most of it left....
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Buckethead


Professional Asshole

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I am going to make a purchase tomorrow when the market opens.

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Snippy


Force Majeure

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Might be able to get it cheaper after the market drops another 500 points.

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 I think LAMCo is done with the neo-nazi CSX rejects -- Pipes FC 8/5/23
Buckethead


Professional Asshole

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I am going on my broker. Hope he has his shit together this week!

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Snippy


Force Majeure

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You'd better carefully study the word.

The only one that's broker is you. He always makes money if you trade.

Europe is down big again. This is not a market for the little guy right now.

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 I think LAMCo is done with the neo-nazi CSX rejects -- Pipes FC 8/5/23
Snippy


Force Majeure

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Hope yo didn't have a market order in on the open, Sack Boy. If so, you're broker. (Not "your broker".)


http://finance.yahoo.com/q?s=bni

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 I think LAMCo is done with the neo-nazi CSX rejects -- Pipes FC 8/5/23
Buckethead


Professional Asshole

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Only if the price fell right away. It reached the $80 level to buy, and increased throughout the day to close around $85. I really didn't expect the Dow to close below 10,000...

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