Tunnels are strategic assets, and a good thing to own.
CP just bought one back, after having sold a large chunk of its ownership interest in it 11 years ago. A critical asset for cross border trade, and for growing .
The valuation didn't change that much in those intervening 11 years, based on the transaction prices per percentage of ownership ----$4.5mm then vs. $5.0 mm now ----- and this deal also comes with 100% control of the asset.
h
New highs & let’s hope the earnings keep it going
J
If you’re not in, now is the time. Volumes are hitting record highs and the intermodal yards are running at Max capacity, the operation is so lean and so busy it’s insane.
Y
CP.TO reached an all time high at 428.66
Y
CP.TO reached an all time high at 423.56
S
$CP Target Raised by RBC Capital Positive » Outperform USD 439 » USD 451 Downgrades Benchmark Hold
Y
Canadian Pacific Railway reached an all time high at 315.87
S
$CP Target Raised by Deutsche Bank Buy USD 319 » USD 367
D
Corporate politics is a very serious, costly, debilitating farce. Almost as bad as professional politics. Hunter Harrison was once a rising operations star at BN(SF)...he was acquired as part of BN's takeover of the Frisco railway in 1980. But Harrison was blunt, gruff and unpolished...so the boardroom suits at the BN country club weren't going to promote him up the chain, no mater how good a railroader he was. So when opportunity came, he left. To Illinois Central...the beginning of his climb to legendary status.And BNSF plodded on, was eventually taken private for a pittance, and has never embraced, or even even acknowledged, the genius of PSR to this day. Because to do so would "tread on toes" in BNSF's glorious history. Those guys who traded Wayne Gretzky... for nothing.Politics. Utter #$%$
M
Jumped on this train exactly 3 years ago, chugging into the station with 103% gains. Choo choo! Good to be a long long.
Y
Canadian Pacific Railway reached an all time high at 322.44
D
File this pone under "Unlimited access to money can really poison the well".
Warren Buffett has chosen Katie Farmer as BNSF's new CEO. She is the former Executive COO under the last two CEOs, neither of whom embraced or even acknowledged PSR as the best and most efficient use of capital....AND the model that would facilitate the highest-service and competitive shipping strategy.
Matt Rose was no dummy. Buffett's bottomless capital was too tempting a prize to pass up, so he got the board to accept the Buffett's (paltry) buyout offer. They utterly screwed the clueless BNSF shareholders, but did very well for themselves.
And BNSF immediately went on a capital investment bender, the biggest ticket item being the twinning its mainline tracks. An expensive, easy, foolproof way to increase capacity. For Rose, it meant no weekends, no long days, and no stress.
Harrison would have done the exact opposite, and would have loved every Saturday he got to do it. But now its Katie Farmer's gold-plated career capper. No PSR...no heavy lifting...no weekends. Thanks, Warren.
s
$CP Target Raised by Bank of America Buy USD 309 » USD 345 Target Raised by BMO Capital Markets Outperform USD 420 » USD 450
Y
Canadian Pacific Railway reached an all time high at 310.55
Y
Canadian Pacific Railway reached an all time high at 305.88
S
$CP Target Raised by BMO Capital Markets Positive » Outperform USD 400 » USD 420
D
CP just finished hauling the 2019-20 grain crop. And they set a new all-time record....beating last year's all-time record by 10%.
TEN. PERCENT.
Now it's interesting to note how, any time there have been any delays ...for ANY reason....with moving the grain the past, the Feds in Ottawa are all over the railways, like white on rice. Weather, farmers waiting and gambling on a better price, port of Vancouver strike.....no matter. It's always the evil, greedy railways' fault.
So do you think those idiots in Ottawa would even acknowledge what a fantastic job the railways have done? By doing exactly what they told Ottawa they could and would do, if only they had a little cooperation from the other stakeholders in the logistics system, instead of being scapegoated and persecuted.
Nope. Because Marc Garneau is still a complete RRShole. And his government is up to its eyeballs in myriad scandals and couldn't care less about Canada or the economy right now.
D
Dec. 4: "Earlier today, Teck announced, starting in April 2021 , it would begin moving a higher volume of coal with Canadian National via the interchange with CP at Kamloops, B.C. to the west coast...." ---------------------------- Back story to this announcement: This marks the end to a 10-year haulage agreement that Fred Green entered into with Teck on his CEO deathbed in 2011. In a "wink-wink" deal, Teck got an egregiously sweet 10-year deal to haul coal in return for coming out in wildly positive support of current management in the proxy war with Ackman. It was a money-losing, capacity-obligating, selfish tactic by an entrenched management that had no scruples, no respect for shareholders, and no defense. They lost in a landslide anyway, but CP was obligated to honour the contract.
Getting out of this contract is the final goodbye to Fred Green, John Cleghorn, and all their country-club cronies.
M
Buy more? Sell? I got in at $245, but bot sure if I want to hold my position. So reasons why I should hold would be greatly appreciated
N
Bought cp share 10 dollor each canadian like to sell is there is any way to pay less tax as all shares are in RRIF account any long time investors please give your opinion as I am 72
CP just bought one back, after having sold a large chunk of its ownership interest in it 11 years ago. A critical asset for cross border trade, and for growing .
The valuation didn't change that much in those intervening 11 years, based on the transaction prices per percentage of ownership ----$4.5mm then vs. $5.0 mm now ----- and this deal also comes with 100% control of the asset.
Target Raised by RBC Capital Positive » Outperform USD 439 » USD 451
Downgrades Benchmark Hold
Target Raised by Deutsche Bank Buy USD 319 » USD 367
Warren Buffett has chosen Katie Farmer as BNSF's new CEO. She is the former Executive COO under the last two CEOs, neither of whom embraced or even acknowledged PSR as the best and most efficient use of capital....AND the model that would facilitate the highest-service and competitive shipping strategy.
Matt Rose was no dummy. Buffett's bottomless capital was too tempting a prize to pass up, so he got the board to accept the Buffett's (paltry) buyout offer. They utterly screwed the clueless BNSF shareholders, but did very well for themselves.
And BNSF immediately went on a capital investment bender, the biggest ticket item being the twinning its mainline tracks. An expensive, easy, foolproof way to increase capacity. For Rose, it meant no weekends, no long days, and no stress.
Harrison would have done the exact opposite, and would have loved every Saturday he got to do it.
But now its Katie Farmer's gold-plated career capper. No PSR...no heavy lifting...no weekends.
Thanks, Warren.
Target Raised by Bank of America Buy USD 309 » USD 345
Target Raised by BMO Capital Markets Outperform USD 420 » USD 450
Target Raised by BMO Capital Markets Positive » Outperform USD 400 » USD 420
TEN. PERCENT.
Now it's interesting to note how, any time there have been any delays ...for ANY reason....with moving the grain the past, the Feds in Ottawa are all over the railways, like white on rice. Weather, farmers waiting and gambling on a better price, port of Vancouver strike.....no matter. It's always the evil, greedy railways' fault.
So do you think those idiots in Ottawa would even acknowledge what a fantastic job the railways have done? By doing exactly what they told Ottawa they could and would do, if only they had a little cooperation from the other stakeholders in the logistics system, instead of being scapegoated and persecuted.
Nope. Because Marc Garneau is still a complete RRShole. And his government is up to its eyeballs in myriad scandals and couldn't care less about Canada or the economy right now.
----------------------------
Back story to this announcement: This marks the end to a 10-year haulage agreement that Fred Green entered into with Teck on his CEO deathbed in 2011.
In a "wink-wink" deal, Teck got an egregiously sweet 10-year deal to haul coal in return for coming out in wildly positive support of current management in the proxy war with Ackman.
It was a money-losing, capacity-obligating, selfish tactic by an entrenched management that had no scruples, no respect for shareholders, and no defense. They lost in a landslide anyway, but CP was obligated to honour the contract.
Getting out of this contract is the final goodbye to Fred Green, John Cleghorn, and all their country-club cronies.