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Canadian National Railway Company (CNI) [hlAlert]

Rating:
Hold CNI

Canadian National Railway Company (CNI) rated Hold

Posted on: Friday,  Jul 20, 2007  9:25 AM ET by Matrix Research

Canadian Natl
Rail(CNI) Hold by Matrix Research.

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN?s network of approximately 21,000 route miles of track spans Canada and mid-America, connecting three coasts: the Atlantic, the Pacific and the Gulf of Mexico. CN?s freight revenues are derived from the movement of a diversified portfolio of goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive. During the year ended December 31, 2008, 19% of revenues came from United States domestic traffic, 31% from transborder traffic, 24% from Canadian domestic traffic and 26% from overseas traffic. In November 2008, CN announced the acquisition of the three railway subsidiaries of the Quebec Railway Corp. and a QRC rail-freight ferry operation. In January 2009, it completed its acquisition of the principal lines of the Elgin, Joliet & Eastern Railway Company (EJ&E).

Matrix is a full-service financial firm serving the individual and institutional investor. We adhere to the principles of education, communication and transparency throughout all of our businesses. We enable success by finding and relentlessly pursuing opportunities others may not see. We use proprietary research to identify companies whose intrinsic values and market value are mismatched. We offer asset management services designed to outperform the market with a measured amount of risk.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/20/2007 9:25 AM Hold
None
28.63
as of 12/24/2008
1 Week down  -2.37 %
1 Month up  13.62 %
3 Months up  21.01 %
1 YTD down  -20.88 %

(*) Stock Price at the time of the recommendation.
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