Who privatized CN Rail

[foragefarmer]

They have split two for one on four occasions, 100 shares would equal 800 shares today. They started to trade on Nov 22, 1996 at $51.50. The value of a 100 share without dividends would be just under $60,000.00 on a $5150.00 investment.

Not sure that much invested in land would have brought you that type of return, unless it had a gold mine on it or lots of oil.

[farmaholic]

Nope, not here.

[tweety]

Isn't asking the government to force the privately owned railroads to do "more" exactly the same as telling the government to tell Canadian Tire to hire more mechanics?

Isn't that why 50 bucks was about all the penalties amounted to?

Isn't that why the RR's are hauling oil? Because they are free to make a good business decision because they are private?

Are they forced to haul cars of grain? What if one day they decided they didn't want to?

[westernvicki]

At one time CN shares had increased in Value 37 times since 1995. I expect there is a number now what would determine this but indeed MUCH better than anything else. Everytime they hit 100$ they split. Anyway..

Regarding what is the railways obligations to common carry, this is the question that governments wrestle. They are a private company with a public responsibility not unlike a utility but different... hence the millions of dollars in public investment over the years.

[westernvicki]

Foragefarmer, I think you calculation is low.

[westernvicki]

Foragefarmer, I think you calculation is low.

[sumdumguy]

NDP are going to build a new national railroad right along the CN/CP tracks. Nationalization and public good are top priority! Wouldn't that be swell?

[westernvicki]

If you were lucky enough to have purchased $1,000
in CN shares during our IPO, those same shares
would be worth over $35,000 today – a remarkable
return on investment. Furthermore, CN has
increased its dividend 19 consecutive times since
1995 at an average compound annual growth rate
of 17 percent, and has created signifi cant value for
shareholders through regular share repurchases
since its fi rst buyback program in 2000.
CN has split its stock on four occasions since the IPO,
most recently with a two-for-one stock split in 2013.

FROM THE CN ANNUAL REPORT 2015..

[bucket]

Good for shareholders. Not so good for the country.

Highways are shit.

Trucking industry has been created.

That causes issues with environment so engines in tractors cost more.

That 100 dollar investment will pay off great in increased taxes for the infrastructure deficit that is higher than that 35000 return.

No vision.

[mustardman]

Still remember 1983 When Devine first got in after an election platform telling us ending crow ,would be very good for us.
The NDP said they would fight to save it

[mustardman]

That should read 1982

[fjlip]

The CROW, rail and concretes for lower cost and more efficiency, were all a massive con job by BIG business getting their way with all Gov's! Nothing was FOR farmers, except 10 billion as a bribe.