Looks like at least one analyst doesn't buy the hype. http://business.financialpost.com/2...raded-analyst-says-stock-surge-without-merit/ I'm sure it will take two more Quarters that include the Winter/Spring (snow and floods) to show what is actually going on.
My biggest hope is that Harrison learned from the BC Rail adventure...I understand there have already been a huge rash of firings, so he thinks a culture of fear works well. Conductor is now moving from my option 3 to option...maybe next decade.
I don't have much hope on that count, dumb remains dumb. What I hope for is push-back from the employees who run the railway, between that and the huge attrition that is going to happen it will be interesting times. But as I noted in another thread what Ackman and Harrison are after is a large increase in shareholder value before they bail and things collapse. One can't pay bigger and bigger dividends while at the same time investing large amounts into infra structure.
This reminds me of the Milwaukee Road. Paying dividends while the railroad was beyond recovery in deferred maintenance.
I.E. What you're saying is that the hierarchy are positioning themselves to claim a big golden handshake when they get replaced by the receivers because they did so well for the shareholders while they were in charge.
