No. of Recommendations: 8
They still prefer TBills to their own stock
Greg has highlighted where BNSF is as compared to the field, clearly laying out where he wants to go and that it’s a step change to get there
Progressive is still kicking our butts as far as growing policies
Ajit is a treasure
This was very much an investor day and I really enjoyed the new granularity
CSX has made a step change. Steve Angel is a great operator
No. of Recommendations: 3
Hmm...Steve Angel is a great operator is to be proven. Yet again we're out trying to cut our way to stardom, the HH era with a bit of comeback mania or whatnot. Same ole start, same ole story, same ole-same ole.
Ain't sustainable. Somehow, someway, some day...sales and volumes gotta go up for the railroads as they've cut to the bone and then some.
Hopefully Steve Angel, or maybe better yet something-somewhere, is about to change for the railroads. The last few years of stagnation has been by far the easiest prediction ever. Thank goodness Berkshire didn't mess too much with it.
Sales-sales-sales...they gotta figure out how to grow the top line. Until then Angel and all the rest are running head on into a brick wall.
