(The following appeared on the Globe and Mail website on February 18, 2011.)
TORONTO — In the battle of the railroads, there’s been a clear victor so far this year in shareholder returns. Canadian National Railway stock has gained nearly 7 per cent year-to-date, while shareholders of rival Canadian Pacific Railway have had to be content with a return of barely more than 2 per cent.
While that kind of outperformance may have some thinking CP is due for a catch-up, two analysts are offering views on why this may be a trend set to continue.
The full story appears at www.theglobeandmail.com.