Remember that we warned this local company confronts a myriad of challenges amid the upcoming Trump era and this bit of stock news offers a glimpse that other big companies have a slightly negative outlook on the company that's dependent on open access and trade with Mexico. Checkit: Kansas City Southern (KSU) Position Cut by TD Asset Management Inc.
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- The Management
They obviously need a bunch of tax breaks.
ReplyDelete^^^^ LOL. Crony capitalism for everybody!
ReplyDeleteGoing to Mexico isn't all this railroad does. So I rather doubt Donald has anything to do with it's drop stock wise. Being the smallest railroad I am sure isn't helping either.
ReplyDeleteWell, OK, I'll bite. What all does this railroad do?
ReplyDeleteCurrently at $85.72, KSU was recently downgraded by Bank of America/Merrill Lynch.
ReplyDeleteRecent price high was late AUG, and has been trending lower since.
Some insider selling over the Summer.
Remains up 16 percent YTD.
Watch support around 78-80.
Kansas City Southern, through its subsidiaries, provides freight rail transportation services. The company operates north/south rail route between Kansas City, Missouri, and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas. It also operates direct rail passageway between Mexico City and Laredo, Texas serving Mexico's industrial cities and three of its seaports; and owns a 157-mile rail line extending from Laredo, Texas to the port city of Corpus Christi, Texas. In addition, the company owns the northern half of the rail bridge at Laredo, Texas. Its coordinated rail network includes approximately 6,600 route miles extending from the Midwest and Southeast portions of the United States south into Mexico and connects with other Class I railroads. The company serves the chemical and petroleum, industrial and consumer products, agriculture and minerals, energy, intermodal, and automotive markets. Kansas City Southern was founded in 1887 and is headquartered in Kansas City, Missouri.
de Mexico.
ReplyDeleteThey're screwed.