Everyone in this article is saying now is the time to buy stock in CSX. Keep in mind, though, two of their sources “[own] shares and [have] done banking for CSX.”
Otherwise, you can’t argue with this for an endorsement:
Wall Street analysts have also given CSX a green light. Of the 26 analysts who track it, 18 recommend buying the stock, and seven peg it at hold. Only one recommends unloading it.
And this line should fire up the crowd looking for ways to divert truck traffic from Grafton Hill:
“It’s the best bet among the railroads because of its vast assets, strong earnings prospects and a solid balance sheet, with a cash stash of $1 billion.”
And no matter who you ask, this is some welcome optimism, especially for Worcester:
“The freight recession is likely over,” says railroad analyst Rick Paterson at investment firm UBS, who notes that according to available data, U.S. railroad-car loadings have been on the rise. “We may indeed be emerging from the freight recession that began in the fourth quarter of 2006,” says Paterson, who rates CSX a buy.