CNBC's Jim Cramer on Monday, reviewing earnings reports from the railroad companies that have reported thus far, suggested that the rail industry could benefit from consolidation., which has seen its shares fall double digits since releasing results Thursday morning.
Union Pacific reported a nearly 11% drop in business, missing on both revenue and profit estimates in the third quarter. The Omaha, Nebraska-based rail, which has homed in on modernized precision scheduled railroading to boost efficiency, was the only of its peers to fall short on profit expectations, Cramer noted. It doesn't help that the company offered few details on its outlook, he added.
No...... FTC
Jimmy Shitty also said not to sell Bear Stearns one week before it's stock collapses 95% - his opinion means nothing to me, nor should it to anyone else.
lol lol lol clw
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