-- 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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