Salient to Investors: John Larkin at Stifel Nicolaus said: Railroad stocks are overvalued at 10.9 times enterprise value to EBITD on a trailing 12-month basis versus an average of 9.4 since 1993. The biggest gains are behind them. Their cyclical earnings power will diminish, especially in a mediocre economic environment,
READ MORE... →Salient to Investors: Jim Rogers said: The most important economic event of the next 10 to 20 years is what happened in Beijing, though largely ignored, particularly by the Western media. Current efforts to reform, if followed through, could take a generation to really bear fruit but Chinese agriculture, railroads,
READ MORE... →Salient to Investors: Charles Clowdis at IHS Global Insight said hauling oil in tank cars is creating jobs and wealth and investment opportunities – there is much crude that can’t be piped. The US expanded oil production in 2012 by the biggest amount since Titusville in 1859. The S&P Supercomposite Railroads Index has
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