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CSX CEO Talks Economy, Buffett
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Web Editor, Mad Money
What's more important, a missed quarter or a dividend boost? Cramer was pondering that question as he studied the recent news from CSX, the railroad company.
Weakness in coal caused a worse-than-expected quarterly report in January, and CSX [CSX
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] pushed through its lowest price increase in two years. Certainly, these are not signs of strength. But at the same time, management upped the dividend another 9%, which is often proof that business is good.
Now Cramer isn’t sure which news to believe. Is the company healthy or not? Frequent Mad Money guest Michael Ward, CEO of CSX, returned to the show to fill us in. Watch the video for Cramer’s interview. And don’t miss Ward’s take on the US economy and Warren Buffett’s big move in the rails sector.
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