A CP locomotive rests at the Obico Intermodal Terminal in Toronto - 23 May 2012 Mike Cassese.

4 January 2013

CP Boss Backs Bullish Words with Buying

Toronto Ontario - "Momentum is building", said Hunter Harrison, CEO of Canadian Pacific Railway, in CP's third-quarter fall earnings release.
 
His upbeat outlook has had lots of company, with investors pushing up the stock about 50 percent over the past year.
 
There was some insider public-market selling at the railway in the first two weeks of December.
 
While insider profit-taking into price strength is not unusual, it bears watching.
 
So, it was encouraging to see Mr. Harrison make a sizable purchase of 59,200 shares in the public market on 27 Dec 2012.
 
Author unknown.

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