Dylan Ratigan says NSC was cautious about its financial outlook, but the stock did not fall. Why?
Mr. Wolf says the outlook for his company and the entire rail industry is very positive because of increased highway congestion. Trains move goods more efficiently, he says.
Dylan asks if an increased demand for coal is driving his business.
Mr. Wolf says coal and corn – because of the increased demand for ethanol.
After the interview Dylan asks what’s the play?
Eric likes Canadian National Railways (CNI) which he says was beat up because of a strike that they’ve worked through, now.
Guy Adami says the play is Wabtec (WAB) because they manufacture and refurbish freight cars and they had double digit sales growth last year.
Jeff Macke’s recommends investors buy Berkshire Hathaway Bshares(BRK:B) and get long the underlying company.
Tim Strazzini says investors should copy Buffett and recommends owning forest paper products, chemical, steel and insurance companies. Tim likes Temple-Inland (TIN),Celanese (CE), American International Group (AIG) and AXA (AXA).
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On APR 9, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders. Bolling Owns (XOM), Gold, Silver Strazzini Owns (SNDK), (YHOO), (TIN)