CN Rail Reaches High Valuation
CN Rail (CNR.TO) Canadian National Railway Company (CN) is in the rail and related transportation business. CNR has a network of approximately 20,000 miles of track spanning Canada and mid-America [PostStockWidget stock_valuation="" pricetype="live" manual_date="Dec. 21, 2012, 2:04pm GMT" symbolcodes="'CNR.TO'" symbolprices="78" div_align="right"]
We bought CNR in January at $69.10. Our target has been reached faster than expected, but we are following our plan.
When volatility is high, some stocks will move from under-valued to over-valued in a short period of time. The analyst estimates of the future growth rate have also come down since January, from 10% to 8%.
HIGH VALUATION IN CN RAIL AT $78.20 (CNR-T) FULL POSITION
TOTAL RETURN: +13.2%
