Investopedia: In Challenging Times, CSX Shows Its Qualities
It's no understatement to say that the earnings warning from Norfolk Southern (NYSE:NSC) spooked investors in the rail sector and focused a great deal more attention on fellow East Coast operator CSX (NYSE:CSX).
And yet, a company that still carries historical baggage from
below-peer operating performance managed to deliver a satisfactory
quarter. Although this rail company is still vulnerable to weakness in
coal volume, it may not be a bad pick for investors who want to make a
leveraged play on a better economy.