09:52:55 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Canadian Pacific Railway Ltd
Symbol CP
Shares Issued 175,679,130
Close 2014-04-02 C$ 168.73
Market Cap C$ 29,642,339,605
Recent Sedar Documents

Successful Inv refreshes Canadian Pacific Railway buy

2014-04-03 16:12 ET - In the News

The Successful Investor, in its April, 2014, issue, refreshes its buy of Canadian Pacific Railway Ltd., recently $174. The Investor said buy 19 times from October, 2001, to February, 2014, at prices ranging from $24 to $164. Assuming an investment of $1,000 for each of the 19 buys, the $19,000 position would now be worth $65,250. The railway has started charging oil producers a surcharge for each older DOT-111 tanker car they use on CP's rail network. It hopes the charge will encourage these customers to upgrade to railcar models with thicker hulls. The thicker hulls would make the oil less likely to spill and catch fire in the event of a crash. CP is also considering selling $2-billion of surplus real estate. The company plans to use the proceeds to buy back 3 per cent of its shares over the next year. The stock continues to be a buy.

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