in May, CSX, announced a 3- for 1- split, a hikein dividend and a share buy back.Record Date May 31, 2011- Ex Dividend Date June 16, 2011Buying shares of a railroad company is money in the"Bank". All one has to do is just wait.Do the railroad stock(s) go down? Yes they do,but eventually they go higher than before. In the 80s, any one who invested in Santa Fe Pacific, Burlington Northern, Union Pacific, Norfolk Southern, and held ontothe shares, with all the ups and downs of the stock market, and they were plenty, still made a small fortune.Mr. Warren Buffet, bought Burlington Northern/Santa Fe Pacific, on the cheap.So to all of you out there I say... hop to it. Buy now!PHOINIX20The Eternal Bird
Gotta know when to get out though. That is the hard part.
Am I using these boards correctly? Has nobody talked about CSX since Feb of last year?
Yes, we have an interest, but the Railroads board is a bit more active--http://boards.fool.com/csx-announces-river-line-expansion-30...I think its all about finding volunteers to help keep up with the latest developments. Hope you can help out.
Speaking of splits, my cost basis for BNI was in the 60s in the 90s. My split-adjusted cost basis for BRK/B in 2004 was $58. I now make BNSF worth $150 or so (see my post in the RRs board) and BRK/Bis $125.So one takes the sol;its and enjoys them.Roy
roy your RR post on Burlington/Berkshire has some issues.
If BNSF, has not been taken over by Warren Buffett, the stock would be $150+....PHOINIX20The Eternal Bird
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