We recently published 12 Stocks Jim Cramer Recently Discussed As He Commented On A “Sea Of Green”. Norfolk Southern Corporation (NASDAQ:NSC) is one of the stocks Jim Cramer recently discussed.
Norfolk Southern Corporation (NASDAQ:NSC)’s shares fell by 3% after Union Pacific announced that it would acquire the firm. Mergers in the railroad market have been a regular feature of Cramer’s morning show, as he and co-host David Faber were the first to discuss them. Here’s what Cramer said after news of the deal broke:
“Well what’s incredible if you look at the actual rails, it makes so much sense. There’s so little overlap. You wanted East-West. It’s [inaudible] be great thing. There is tremendous congestion, where the two in the Midwest, in Chicago area, it’s so, I don’t see a lot of the overlap that would make you not like it. I think that, if you were a regulator in the previous regime, you might say, you know what, these two will never compete if we let them merge. So we can’t let them merge because now they won’t go against each other. But the fact is, they were never going to go against each other. That’s not, the rails, stop doing that years ago.
“This is a deal where you just would never have seen it. . .I think that they have a feeling that this one’s gonna go. Don’t matter what [inaudible] get it. And, I would argue that if you think there’s going to be big reindustrialization, Carl, you do want it. It makes sense to have this type of seamless rhythm. The rails are, look I think we all wish that we didn’t, that we had more rails in the country, they’re much cleaner, 400 miles to the diesel gallon. You could argue that other countries have them in a much more you, in a superb way, and we’re a little disjointed, This makes a lot of sense.”
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Disclosure: None. This article is originally published at Insider Monkey.