After hours I started a position in CSX. I picked up 1/4 of my target position in CSX at $45 per share. The trade was entered on 11/30/09 so I have been waiting a long time for this stock to come down to my strike price of $45.
Things I like about this stock:
-nearly a 2% dividend yeild
-Credit Suisse has a target price of $58 per share (formerly $60)
-CSX is expected to grow operating profit of 8.5% per year over the next 3 to 5 years
-Expanding profit margins
-Reasonable Debt Levels
-Highest catagory rating from Credit Suisse, The Street and Market Edge
Quote from Warren Buffett who last fall bought Burlington Northern, another rail road stock.
“The rail business is actually in tune with the future. Trains move goods using far less fuel than alternatives.”