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TSE:CNR

Canadian National R.R. (CNR.TO)

161.59
+1.86 (1.16%)
as of Jun 22, 2026, 8:00:00 pm Market Open.
790 watching
0
HOLD
(Market Call Minute.) Likes the rails and his preference today would be CNR-T. It's a question of being the bigger guy and having a wider range of distribution network.
BUY
(Market Call Minute.) Buy for a long-term hold.
TOP PICK
Transportation is a barometer of economic activity. Management team is 2nd to none in North America. Have pricing power and even in a downturn are able to increase the price. Anything below $45 is a good entry point.
COMMENT
Canada's premier rail company. We are in a tough economic environment and rail is an economically sensitive sector. Performance going forward will be somewhat dependent a turnaround the overall economy. This has already been priced into the shares with the pullback it has had. If we stay at this level, the stock should do well.
DON'T BUY
Too early to get into this. Stock broke down within his programs and has signalled a Sell. May have another 20%-25% to go before he would be really comfortable. FMV is actually hanging in quite well.
HOLD
One of the great rail companies in North America. Likes that they go east-west and north-south. Great cost structure and first-rate management. Economically sensitive but have been able to do quite well despite this.
TOP PICK
Railways are the backbone of the economy and continued to be very competitive against the truckers. Gaining market share because of low cost and higher reliability. Great management team and good balance sheet. Have room to increase dividends and buy back stock.
BUY
Canadian Pacific (CP-T) and Canadian National (CNR-T) are at pretty good prices now. If you have a long term perspective and are willing to live with some volatility in the short-term, over the long haul both of them are going to be very good things to own. CNR would be his first choice because of the management. Consider splitting between the 2.
COMMENT
Best run railroad in North America. Rails have a lot of economic sensitivity so he has cut his position in half. When the economy starts to improve he will replace it.
TOP PICK
Volumes were down 11% in the quarter and yet they delivered 25% earnings growth. Increased their dividend by 10%. Just completed an acquisition in Chicago, which will alleviate some of their congestion problems in that area.
TOP PICK
Just increased dividends by 10%. Economy is going to be weak and they will be challenged like everybody else but they will come out stronger, take market share and make more money.
DON'T BUY
Diversification through their acquisition in the US will help them. However, a lot of major companies that use haulage to transport are declining significantly. This kind of company will be in a bear market until the economy starts to bottom out.
COMMENT
In terms of corporate quality, this is better than Canadian Pacific (CP-T) with a better balance sheet and a more stable environment in terms of its underlying traffic. A value name, but could also be a value trap.
PAST TOP PICK
(A Top Pick Dec 18/07. Down 14%.) Has been a good relative performer. Recently sold half his holdings, as railways are extremely economically sensitive. May Buy more later on when it is weaker.
BUY
(Market Call Minute.) Extremely well run company. Very reasonable debt situation. Good proxy for the overall Canadian economy.
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