Reply to "CSX CEO Hunter Harrison Dies At Age 73"

Rich MelvinOGR Forum Member SUPPORTING MEMBERDIGITAL SUBSCRIBER

johnf posted:
I have a feeling CSX shareholders are still happy with the decision to hire EHH. Since the news was announced on Jan 18th, CSX stock is up 49%, which is significantly better than Norfolk Southern (+31%) and Union Pacific (+30%).

CSX stock jumped because of the "aura" surrounding the hiring of EHH and his track record of improving things at essentially linear railroads. However, his operating style was not well-suited to the spider web network of lines that is today's CSX. Their service has deteriorated badly and they've been called on the carpet for that at the NTSB more than once.

Now that EHH is gone, I would suggest you sell now and take your profit. I see the CSX situation getting a lot worse before it gets better.

12/23/1711:56 PM

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