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News Breaks | | | | November 4, 2012 | | 01:48 EDT |  | CSX | CSX could begin to lap the worst of the coal declines, Barron's reports
CSX (CSX) has been hurt by record-low natural-gas prices, which in turn have encouraged electric utilities to switch to gas from coal -- resulting in less coal to haul. Coal transport represents about 28% of CSX's revenue. CSX appears to be coping well with its challenges, says Jason Clark, a portfolio manager with Al Frank Asset Management, which has been buying CSX shares of late. It might take awhile for coal to bottom, but the process appears to have begun, he says. The railroad is also making significant cost cuts and productivity strides. CSX offers an appealing 2.7% dividend yield, and it continues to buy back shares. Reference Link | |
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News For CSX From The Last 14 Days Check below for free stories on CSX the last two weeks. |
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| May 15, 2013 | | 07:33 EDT |  | CSX | National Association of Business Economics to hos a conference
 Subscribe for More Information | | | May 9, 2013 | | 11:03 EDT |  | CSX | CSX CFO Fredrik Eliasson reaffirms 2013 view as a transitional year
On the company presentation, at the Well Fargo Industrial & Construction Conference, the CFO restated expectations of 2013 being another transition year, expecting full-year EPS to be flat to slightly down from 2012 as the railroad company continues to face headwinds in coal. The company sees earnings growth and operating ratio improvement in 2014 and 2015. Over those two years, CSX is targeting average annual earnings per share growth of 10% to 15% off the 2013 base. | |
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