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Last year most analysts proclaimed that the market would be up by the years end. The only accurate part of the analysis was that the year did end; although not well.

When Burlington Northern Santa Fe (NYSE: BNI) was trading at $114 analysts were silent. When it dropped below $100 and then $90 a share I do not recall anyone writing anything accept that "my pal Warren" was buying. At $80, and then $70 not more than a whisper.

Then yesterday when BNI was trading in the mid $60's (it closed at $64.97) Citigroup (NYSE: C) Investment Research analyst Matthew Troy cut shares of Burlington Northern Santa Fe Corp. and Canadian Pacific Railway Ltd. to "Sell" from "Hold."

Continue reading Chasing Value: Watch BNI -- the heck with Citigroup

Chasing Value: Watch BNI -- the heck with Citigroup originally appeared on BloggingStocks on Tue, 28 Apr 2009 14:40:00 EST. Please see our terms for use of feeds.

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