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Opinion: Itís getting a bit windy around Jacksonville

(Source: Railway Age opinion column by William C. Vantuono, February 17, 2017)

NEW YORK ó Below the blustery, wind-whipped surface, itís pretty simple, so Iíll simplify it: Hilal wants to make lots of money, fast. Thatís the standard hedge fund MO. (If you donít know what MO stands for, trying watching reruns of ďDragnetĒ or ďAdam-12.Ē Just the facts, mister.). CSX looks pretty good for a takeover. The CEO, Michael Ward, wants to retire fairly soon. Hunter still has lots of skin in the game. Letís install him as CEO, and let him do what he does best. And while weíre at it, letís grab a few board seats. The operating ratio goes down through streamlining the operation and cost-cutting. The stock price goes up (it already has, by the way). The shareholders make lots of money. Hilal cashes out and moves on to his next project. ďHey CSX, letís see if we can do this nice and friendly-like.Ē

Full story: Railway Age

Friday, February 17, 2017

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