Railroads haven't been this hot since The Civil War! Well that may be a bit of an exaggeration, but shares of Norfolk Southern (NSC) doubled over the last three years. (In case you’re wondering the company traces its roots back to 1830)
Railroads are the oldest direct play on the economy. Today they are direct plays on the ethanol craze and grain bull market. (And they count Warren Buffet among their backers.)
Norfolk Southern Chief Financial Officer Hank Wolf joins the guys with the lowdown on their success and recent earnings.
Wolf tells the guys that he sees continued growth though volume, and expects the market to get stronger through the year.