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Canadian National Railway Company (CNI)

NYSE - NYSE Delayed Price. Currency in USD
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110.32+0.09 (+0.08%)
At close: 4:00PM EDT
112.00 +1.68 (1.52%)
Pre-Market: 07:00AM EDT
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  • P
    Pete
    I needs some bs fear news. I wasn’t done buying. Hopefully some institution is on the same page today and paid for some negative journalism
  • S
    Sean C
    Why is it dropping? Ex-dividend?
  • R
    R
    I will load up more if it reach 99..but so far im okay
  • M
    Monty
    CN says the commitment to sell the 100-kilometre line eliminates the sole area of overlap between the CN and KCS networks. A move not anticipated by CP when they bid low. Approvals coming sooner than expected. I am loading another 110-125 shares at this price.
  • M
    Monty
    Told you all that $125 was the bottom. If you still going to wait for the pull back then see you at $150. This is the only blue chip dividend stock on TSX with mega market cap which is at its 6 month low. Name another and I will buy 100k of that.
  • K
    Kenneth
    Bought more today. Any good news and huge move up. Will be listening to CEO's on Wednesday. Hope they have comments about regulatory process and how long term, this is a real win.
  • M
    Monty
    So, CN forms a voting trust today to complete the merger while waiting STB’s approval on the decision. CP does not raise the bid and still open to previous offer of merging at previously quoted price. The merger cannot be completed without STB approval and worst case scenario- CNR loses 2bn in damages for the broken deal. If STB approves, price goes up for longs and if it rejects, CP gets KSU. CNR is down 15bn in market cap since the announcement of this merger and the extra pricing is factored in. Weak retail investors and TCI may bail out. Long term investors enjoy the dividend and marginal 10% average growth YoY. That’s all folks! Have a good weekend! If you are buying at this price, you are very lucky!
  • R
    R
    When the stock goes down it will come back up stronger and higher..MOAT!No competition and 🇨🇦🇨🇦🇨🇦 is the best!
  • A
    Akshya
    The merger rules for Canadian National’s $30 billion bid are different from how the STB plans to handle a competing $25 billion proposal from smaller Canadian Pacific Railway Ltd. The STB said Canadian Pacific’s merger proposal falls under the older, less strict rules because it would “result in the fewest overlapping routes” and its voting trust was already approved.

    Canadian National’s proposed offer “poses issues that the current merger rules were designed to address, namely the potential competitive impacts of a merged entity with some degree of overlapping routes and presently existing direct competition,” the STB said in the decision posted on its website Monday.
    Kanasas City Southern shares fell on news of the STB ruling and ended down 3.9% to $297.04 at the close of regular trading in New York. Canadian Pacific also dropped, down 3.3% on the day, while Canadian National erased earlier losses to trade up 0.7% in Toronto.
  • S
    Sean C
    Hoping for under $130
  • M
    Monty
    They have divested the overlap in the route very early which was the only highlighted route by the STB for competitive reasons. The approvals are very near and CP investors are moving to CNR. There’s still time for those who did not board the train. The upside is more than what you have lost in hopes of the bottom. $146 target by the street.
  • G
    GeorgianBayGuy
    Congrats to all those that took advantage of the recent dip to load up - especially in the face of Derek's stellar advice ;-)

    CNR now a [very lucky] 13% of my portfolio and is an easy long-term hold. For those that haven't heard, UBS just increased from neutral to buy with a TP of $162.
  • M
    Monty
    You still haven’t missed the train. $150 sooner than you expect. The new investors on board are in favour of the merger. TCI bailed out and CP will take the beating long term. Whoever buys from here should know that the merger is 100% sure. Take a screenshot of this and we can talk about this when it happens.
  • C
    Chris
    Yep, I will own it. $120 never came and I missed $125. Glad I bought yesterday at $130... though I think we retest this price range again. Market is still at record highs as a whole and a pullback in the big indices will hit CN Rail. I think some people forget that CN Rail isn't far from ATH too... great long-term hold though.
  • M
    Monty
    Trust in Ruest and his 25 years of experience at CN. Watch the first rail connect Canada with Mexico and the USA. $33 billion worth of synergies in the long term.
  • D
    Dewey
    I’ve always been a fan of contrarian indicators, and I’m happy to say I found a new one... @Derek is the best. Do the opposite of what he says and you’ll be rich!
  • H
    Hirsch
    With US markets closed for today, CNR is not feeling the excitement. An opportunity to buy some more.
  • M
    Monty
    When Buffett, the oldest investor of Costco sold all its stakes last year, the stock took a slight hit but now its at lifetime highs. Patience is key for longs here. TCI sold some of its stakes today, probably. But, who cares when you know your company’s MOAT.
  • C
    Christian
    if they do aquire KSU that means great growth long term.
  • A
    Alberta Oil Fund
    All the smart investors loaded up at 126$, the key was to start buying 20% of a position on each drop below 130$