It didn’t work!!! TOP21 failed on arrival. So where is Squires admitting this fact and why hasn’t it been called out by business publications yet?
12 replies (most recent on top)
I thought TOP21 was supposed to have met 60 OR by the beginning of 2021.
Railroads will run themselves into the ground again to force a merger , bailout and a one person crew !!!
Investors don't ask about that building, simply because it is a project being built by another company, ns only agreed to rent space in this high tech futuristic office building. They sold their office building for 30 million. And rent a place temporarily. When the building is completed ns will simply have a lease obligation. They don't own that building, they brag about it as if they do though.
why didn’t any investor analyst call in to ask how their $576 million brand new headquarters in downtown atlanta ga is coming along?
So basically, NS management is transforming a class one transportation company, which is necessary for efficient movement of goods, that include military equipment needed for national security, into a financial instrument that enriches a few shareholders at the expense of many stakeholders. Got it.
Playing the same Sears and Toys R Us game that shut them down
These id–ts even used Sears in a workshop awhile back as a company they didn't want to wind up like.
Previous poster "1nza+1972ImvQ" hit the nail on the head
TOP21 plan calls for 4 straight quarters of 60% OR IN 2021.... NOT 2020.... Starting as of the first of this year. It isnt a failure tilll they report the first quarter earnings in april. With that said part of the TOP21 plan is dividens the payout ist to be between 35 and 40 percent of free cash flow. Which they have been working towards. PSR is about share holder value, how is that obtained? Cut costs... Why? To inceease the free cash flow, why is that important? Leads to a bigger divedend payment quarter after quarter. The company then uses some of that free cash flow to repurchase company stock (stock buy back), why? It creates demand, stock prices go up the more stock is bought at the asking price, which the company buys at current market asking price. They do this to guarantee the investment firms initial buy in price is lower than current stock price. All of that cant be obtained with out the company's sacrificial offerings, customers, equipment, you and me. It is important to know that it is a long con. Ns psr seems like a failure to the naive person who wants to complain about being butthurt. But on paper they are on track to getting what the end goal is and that is for the rich investment bankers who push for this get big bonuses and continue the evil trend that is the same as the corporate raiders, shorting call options, and hurting the American economy all in the name of money for a handful of people. It's time for America to stand up to this greed, not just railroaders. French Revolution, russian revolution... They say history repeates itself. Oppression of the working class for the select few too profit never ends well. With that said pay attention to the cuts coming, and tune in to squires april reporting of the first quarter 2021 financials. You'll see that I am right.
Most likely would have been the wrong year on the calendar anyways. They can't get anything else right!
Ha ha a bunch of f—tards.
CSX has a 58.8% OR for 2020 . No wonder several upper management were demoted or fired . NS 2020 69% minus impairment charges and accounting slight of hand ...64%. Someone must be impaired to think this will continue to work .
I’ve found it very strange that not a word from business publications has been spoken about NS struggles to get to 60. Not a single WORD when it took a huge jump last year. Any other time a company struggles it’s in every business magazine you pick up. Smells fishy to me.