Summary
CSX's third quarter produced strong EPS and revenue growth.
CSX posted a company record operating ratio.
The railroad has also increased its dividend for more than a decade.
CSX, however, comes up short on a couple of my requirements for purchase, so I am waiting for a better price before purchasing.
I am an investor who wants to own shares of the best companies in each sector. One sector that has yet to be represented in our portfolio are the railroads. I’ve recently looked at several and found that they all have something very appealing to offer me as an investor. Union Pacific (NYSE:UNP) has increased its dividend by almost a third this year, a very attractive quality to dividend growth investors. I found that Kansas City Southern (NYSE:KSU) was very undervalued. Canadian Pacific (NYSE:CP) has the longest dividend growth streak of all the rails and would offer our portfolio some international exposure.
One railroad I haven’t looked at in almost a year on Seeking Alpha is CSX (CSX). Now that the company has just released its earnings results for the latest quarter, I am interested to see if CSX meets my criteria for purchase.
