In looking for investment ideas among these seven industries, we are taking a closer look this week
at Railroad stocks.
Not exact matches
The most popular
railroad shares were called «fancy
stocks,» trading
at huge multiples of their earnings and with enormous volatility that often wiped out amateur speculators.
One such story, given rather wide circulation by a sportscaster and printed in
at least two books, had it that years ago a young Chicagoan who later became an official of the Missouri Pacific
Railroad so idolized the White
Stockings that he named nine Kansas way stations after his heroes when he grew up.
That year, Northern Pacific, a
railroad stock, earned $ 10 per share and traded
at $ 17 (a P / E of 1.7).