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CSX CEO: Economy ‘Turning to the Positive’

Cramer was looking to CSX to say good things about the economy when it reported earnings on Oct. 13, and sure enough the company came through. Not only did the railcar outfit beat analysts’ estimates, but management followed up a rather bullish outlook.

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“We feel the worst of this recession is likely behind us,” the company said on its conference call.

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Cramer called CSX a “best-of-breed railroad with top-notch management,” which has a “better handle on where the global economy is going than almost any other company.” Put simply, investors can trust what CSX has to say.

That’s why Cramer invited CEO Michael Ward back to the show. The Mad Money host wanted to know what to expect in the fourth quarter and beyond for both the company and the economy. Watch the video for the full interview.

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