Trade: Bought CSX
The market has been too crazy to keep up with posts. Both the Hedged Growth and Net Payout Funds bought CSX at the close yesterday - May 5th. The stock has a good 2.9% yield and over a 10% buyback last year giving it an incredible new payout yield approaching 15%. Of course, the buyback might be lower in 2009 lowering the yield, but we'd expect the rails to start benefiting from a recovery in the economy and growth in China. More to come later.