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Compiling comments that experts make about stocks while on public TV.

2017-01-16

Opinion for Canadian National R.R. (CNR-T)

Signal Price Bias Subject Owned
HOLD $93.370 UNKNOWN GLOBAL LARGE Yes

Sell? Transports have done quite well in the last while and are up a fair bit. This is trading at about 18X earnings. The rail industry has consolidated quite heavily over the last 5-10 years, so you have seen them really thinking about ROI. Because they have a better efficiency and asset utilization, they’ve had better margins, and that is going to continue. With oil stabilizing and commodities doing a little better, you should see better returns over the next while.

Paul Harris, CFA
Portfolio Manager and Partner, Avenue Investment Management

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