
The Railroads Are Still Too Dangerous

By Jim Cramer
About this article:
Itching to buy the rails here, as they are all on the ropes. They have come down gigantically and are perceived as companies that are just getting crushed by the weakening economy.
It's a continual crushing for Norfolk Southern , Union Pacific , Burlington Northern and CSX , all excellent, well-run companies. All have big declines in traffic and all have had hot-money share bases, particularly UNP and CSX. The latter, in particular, has hedge fund money up the wazoo, and it was interesting to see how a hedge fund that is on the board got in trouble with the short-swing profit rules that don't allow insiders to sell stock at a profit within six months.
To me, the group represents the epitome, though, of why it is so hard to buy. Whenever I buy an economically sensitive stock -- and are these ever economically...

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