Here's Why Investors Should Retain Canadian Pacific KC (CP)
CPKC(CP) Zacks Investment Research·2024-03-12 14:55
Canadian Pacific Kansas City (CP) is experiencing a boost in freight revenues and deserves recognition for actively rewarding shareholders through dividends. However, CP faces substantial challenges, with high operating expenses and low liquidity posing significant obstacles.Factors Favoring CPIn December 2021, Canadian Pacific Kansas City completed the $31 billion acquisition of Kansas City Southern, including $3.8 billion in outstanding debt. After a two-year review, the STB approved CP's takeover, creati ...