CSX Corporation (CSX) Might Be Bought Too, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Recently Discussed As He Commented On A “Sea Of Green”. CSX Corporation (NASDAQ:CSX) is one of the stocks Jim Cramer recently discussed.

CSX Corporation (NASDAQ:CSX)’s shares have gained 9.8% year-to-date, and like other railroads, it has also been a frequent feature of Cramer’s morning show. The CNBC TV host has discussed the firm in the context of the emerging trend of mergers in the railroad industry. His previous comments about CSX Corporation (NASDAQ:CSX) have hinted at hesitance at the firm’s management for the deal. This time, after railroad giant Union Pacific announced that it would acquire Norfolk Southern, Cramer wondered whether Burlington North would buy CSX:

“But the fact is, they were never going to go against each other. That’s not, the rails, stop doing that years ago. So, I look at this and I say, Vena makes sense. The only issue is, okay, so, does Burlington North have to go buy CSX? And they do.”

Previously, the CNBC TV host discussed CSX Corporation (NASDAQ:CSX) and the dynamics of the railroad industry:

“Well look they have a direct corridor, CSX, direct corridor connects South East Mexico, Texas, US Southeast. That’s Union Pacific. Why would you let that happen? Why would you make it so that you have two railroads that have that area and not make it so that there’s one. And I think Joe Hinrichs, the CEO of CSX, might not want this deal. He’s young. He took over the railroad. He just got there.”

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.