【出版时间及名称】:2010年3月北美航空货运行业研究报告
【作者】:摩根斯坦利
【文件格式】:pdf
【页数】:47
【目录或简介】:
Contents
Summary of Key Debates.......................................................................................................................................... 3
Investment Debates in Detail .................................................................................................................................... 4
Debate 1: Rails as a play on economic recovery?................................................................................................ 4
Debate 2: Will rails benefit from operating leverage?.......................................................................................... 7
Debate 3: Rail pricing? ......................................................................................................................................... 10
Company profiles ..................................................................................................................................................... 13
CP Risk/Reward Snapshot and Investment Positives/Negatives...................................................................... 14
CP Investment Positives/Negatives Details .................................................................................................. 15
KSU Risk/Reward Snapshot and Investment Positives/Negatives ................................................................... 19
KSU Investment Positives/Negatives Details................................................................................................. 20
Appendix ................................................................................................................................................................... 21
Volume/Operating Leverage/Yield EPS Sensitivities ......................................................................................... 25
Thesis Chart and Comp Sheets........................................................................................................................... 32
CP Model ................................................................................................................................................................ 36
KSU Model ............................................................................................................................................................. 40


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