BloggingStocks has a new home! Daily Finance.

Click here to visit the new home of BloggingStocks!

Hot on DailyFinance:

See More Stories

RailAmerica posts

Feed

CSX Rises on Encouraging Rail Traffic Data

Posted Mar 11th 2010 1:20PM by Brent Archer (RSS feed)
Filed under: Good news, Options, Technical Analysis

CSX logoCSX (CSX - option chain) shares are rising today along with most other railroad stocks after RailAmerica (RA) reported that freight carloads on its North American railroads rose 1.4 percent in February compared to February of 2009. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CSX.

CSX opened this morning at $49.63. So far today the stock has hit a low of $49.63 and a high of $50.98. As of 12:05, CSX is trading at $50.48 up 59 cents (1.2%). The chart for CSX looks bullish and S&P gives CSX a positive 4 STARS (out of 5) buy ranking.

Continue reading CSX Rises on Encouraging Rail Traffic Data

Closing Bell: The Yo-Yo market (ENER, ITT, F, GS, UNH, RA, FIG)

Posted Oct 13th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: Ford Motor (F), Goldman Sachs Group (GS)

Today was another trading day bare of major economic data. Shares were all over the place today with the indexes not giving any clear direction at any point of the day. It was not until right before the close that you had a real feel for whether we would close up or down today.

Here are the unofficial closing bell levels:

Dow 9,874.31 -11.49 (-0.12%)
S&P 500 1,073.56 -2.63 (-0.24%)
Nasdaq 2,140.22 +1.08 (0.05%)

Top Analyst Upgrades
Top Analyst Downgrades
Top Stock Rumors
Day Trader Alerts

Continue reading Closing Bell: The Yo-Yo market (ENER, ITT, F, GS, UNH, RA, FIG)

RailAmerica IPO loses steam

Posted Oct 13th 2009 2:50PM by Tom Taulli (RSS feed)
Filed under: Initial Public Offerings

A railroad IPO? Kind of sounds like we are going back to the 19th century, huh?

But it's true. On Maonday, RailAmerica launched its IPO. The company issued 22 million shares at $15 each (the price range was $16 to $18).

RailAmerica is the largest owner of short line and regional freight railroads in North America, with about 7,500 miles of track in 27 US states and three Canadian provinces.

All in all, RailAmerica has a diversified base. There are roughly 1,800 customers and the company distributes a myriad of products, like paper, metals, chemical and coal.

Continue reading RailAmerica IPO loses steam

Rail America merged and delisted

Posted Mar 5th 2007 2:55PM by Victoria Erhart (RSS feed)
Filed under: Deals, Competitive Strategy

Investors in Rail America, (formerly NYSE:RRA), got a Valentine's Day present in the form of a buyout offer of $16.35 for each share of Rail America stock owned. Rail America is a short-line rail service provider operating 42 railroads over 7,800 miles of track, primarily in the United States, but also operating in Canada and, until recently, in Australia. Rail America was bought by several private equity funds managed by affiliates of Fortress Investment Group LLC (NYSE:FIG). Over 74% of shares held voted in favor of the acquisition. Fortress Investment Group began trading on the NYSE on 9 February 2007. Its IPO began at $18.50 per share. FIG stock closed on Friday, 2 March 2007, at $27.75.

With over $1.2 billion in assets, Rail America was an attractive buy for Fortress Investment Group. No one commodity comprises more than 16% of Rail America's shipping business. It interchanges with several Class I railroads throughout the country and has one of the strongest safety records in the rail transportation industry. Rail America is poised to grow in terms of carload volume but needed access to more funds to do so. With over $30 billion in assets under management, Fortress Investment Group can provide that access. As part of the buyout, Rail America CEO Charles Swinburn will retire. He will be replaced by John E. Giles, who brings 35 years of experience in railroads and the transportation industry to the CEO suite.

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 27, 2012: 11:03 AM

Hot Stocks

General Electric

19.20-0.05(-0.26)

Alcoa

8.630.00(0.00)

Apple Inc

562.29-3.03(-0.54)

Google Inc 'A'

591.53-12.13(-2.01)

Bank of America

7.15+0.01(+0.14)

Wal-Mart Stores

65.31+0.24(+0.37)

Exxon Mobil Corp

82.08-0.53(-0.64)

Ford

10.60+0.01(+0.09)

Citigroup

26.47-0.19(-0.71)

IBM

194.30-1.79(-0.91)

Yahoo

15.36+0.01(+0.07)

Starbucks

54.56-0.20(-0.37)

Microsoft

29.06-0.01(-0.03)

Home Depot

49.44-0.27(-0.54)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

  • My Portfolio
  • Create a New Portfolio

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1338131004683 ms.