Seymour's Pitch: Short CSX
As they say on TV, it’s the cold-calling segment that's sweeping the nation; one trader, one stock, and 30 seconds to make the case.
Tim Seymour is making a pitch for a short position in CSX .
Do you agree or did Seymour miss the train?
Here are Seymour’s main points:
Earnings Over - What's Next?
Rich P/E at 18
Transports Way Overbought
I think it's a great company but this is a short-term valuation call, he explains. Average P/E over the past 5 years is about 14 and it's now at 16. CSX isn't a complicated company and it looks like it's ahead of itself. However I'm a buyer around $50.50 - about 10% lower.
What do you think? We want to know!
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Trader disclosure: On Apr 14, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Kelly Owns (DHI), (MS), (GOOG), (IBM), (TXN), (S); Terranova Owns (AXP), (HES), (TER), (APA), (YHOO), (MOS), (SWN), (XCO); Terranova Is Short (LCC); Terranova Owns (C) Calls; Kelly Owns (FXE) Puts ; Kelly Owns (FRE); Adami Owns (INTC), (GS), (AGU), (MSFT), (NUE), (BTU), (C) ; Seymour Owns (BAC), (EEM), (F), (INTC), (LVS), (SBUX), (AA), ( BX), (MGM); Najarian Owns (BAC) Call Spread; Najarian Owns (C) Calls; Najarian Owns (FITB) Calls; Najarian Owns (LVS) Call Spread ; Najarian Owns (MOS) Call Spread; Najarian Owns (PCX); Najarian Owns (YHOO) Call Spread; Najarian Owns (YUM) Calls; Gartman Owns (DRI), (PNRA), (CMG); Cortes is Short (LVS) & (WYNN)
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