Another lame earnings call....average results. Same story, different quarter. Bless the analyst who sarcastically asked Jim about his egotistical comment last year....he asked him a year from now and he did. He's done norhing but cut costs and keep the execs happy and wealthy. Analysts are sorry they didn't get what they asked for....he's not a CEO. Just arrogant
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What I like about it is that the stock hasn't gone anywhere near what it was when the glass palace munchkin was first announced as the next CEO. The stock price goes up a day or two, then starts going back down. A couple of times, the stock price went lower than when Fritz was still there. The stock is never going to double under the current leadership, and the stock price is NEVER going to double with Vena anywhere near a railroad. Venas' name is forever tarnished PSR and massive layoffs. The best thing Vena can do right now is to retire and STAY RETIRED!!!
When Soroban made its presentation to oust Lance to the UP board in February 2023 it stated "we believe the stock price has the potential to double over the next two years..." When Vena took over on August 14 of last year the stock price was at $225. One year later it is not much above that. It was great yesterday listening to Jimmy Shortlegs flop around behind the mic like a beached carp trying to justify his performance. What chumps. Traffic is flat and will probably continue to be flat, so guess where the "cost savings" will come from dear employees.