I think the stock is just illiquid at the moment until new news is available. It has been routinely sold down to the half yearly announcement on low daily volumes. The stock will not move in a meaningful way until new news is available - and will continue to be drip fed to the market at these prices whilst there is someone who wants / needs to unload. New and positive news could see this jump 50% in a day at these depressed levels. Hang in there.
I feel it is an absolute bargain at this EV.
I think this company now needs to be viewed from its pre-covid trajectory with the advantage of a much larger landed base (aided by Covid).
CSX Price at posting:
$1.03 Sentiment: Buy Disclosure: Held
