- Kansas City Southern posted basically in-line revenue and a slightly better operating income in the third quarter, as volumes recovered quickly from the second quarter trough.
- Management is betting that growth in cross-border trade with Mexico and improved margins and asset utilization from its PSR efforts will drive value meaningfully better than the supposed go-private bid.
- I can understand investor frustration over the reportedly rejected bid, but there's an argument for standalone value comfortably in the $200's.
For further details see:
Kansas City Southern Leveraging Volume Recoveries And Self-Improvement