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CSX: Stay Away From This Stock

2016-01-28 17:40:17| Railroads - Topix.net

CSX has got off to a bad start this year and the weakness will continue due to persistent sluggishness in the coal segment that accounts for 20% of revenue. A decline in coal production and exports this year will create more pressure on coal volumes, which is not surprising as low gas prices are encouraging coal-to-gas switching.

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