This Railroad Company Just Posted Double-Digit Revenue Growth
One of the nation's largest railroads, CSX (NASDAQ: CSX) just posted 18% year-over-year revenue growth in the third quarter, and anticipates a solid Q4. The stock currently trades more than 26% below its all-time high from March of this year. Is now the time to buy the dip on CSX?
With the global railroad industry anticipated to grow more than 4% annually through the end of the decade, let's take a closer look at this centuries-old operation and find out if the stock is worth buying.
From horse-drawn rail cars of the 1800s to modern-age electric locomotives, CSX has transported goods and people across America for almost 200 years. Based in Jacksonville, Florida, the railroad employs roughly 25,000 people throughout its network.
Source Fool.com
