Rockwell Automation (ROK)

[Investorman]

There are several reasons for liking CNI. Unlike all our failing institutions, their assets don't disappear in balance sheets. When you own 20,000 miles of track you don't have to worry about waking up one morning and finding out it has shrunk to 5,000 miles of track.

Why CNI you ask? Ok, you didn't but I'll tell you anyway. It has a unique track network that runs to 3 coasts. East, West, and the gulf of Mexico. So what do they ship that is a big deal besides all that grain from Central Canada? Well, there is the the coal and oil from all those tar sands that CMKXers are so fond of talking about. The railroad doesn't have the risk of finding it.... Like the people who sold picks and shovels to the miners, they let others take the risk and make a guaranteed profit moving it to market.

Canada has 5 times as much oil as Saudi Arabia locked up in those tar sands and it is now (due to the price of oil and new technology) economically viable to pull it out.

Definitely worth taking a look at and maybe start dipping my toe in.