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» RAILforum » General Forums » Railroad News » Railroad Stocks May Hit Turnaround Point in 2001

   
Author Topic: Railroad Stocks May Hit Turnaround Point in 2001
stans_railpix
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-- Punished by the market in 2000, Norfolk
Southern and other railroad stocks may be
reaching the bottom-out point and a
turnaround could happen this year, according
to a recent Merrill Lynch report.

The report cited three events that could signal better times for the industry: a severe dip in a key manufacturing index, the Federal Reserve's 50-basis-point interest rate cut and an energy shortage.

On the surface, the events seem to indicate
economic hard times, but for the railroad
stocks, they could indicate a buying
opportunity.

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Posts: 15 | From: Phila. Penna. USA | Registered: Jan 2001  |  IP: Logged | Report this post to a Moderator
MPALMER
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Actually Union Pacific (UNP) and Burlington Northern Santa Fe (BNI) did ok during 2000. Just recently Union Pacific hit a 52-week high price, around $50.
Posts: 874 | From: South Bay (LA County), Calif, USA | Registered: Aug 2000  |  IP: Logged | Report this post to a Moderator
   

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