CSX Corporation (CSX): “I Am In Charge Of The Rails,” Says Jim Cramer

We recently published Jim Cramer Recently Talked About These 10 Stocks. CSX Corporation (NASDAQ:CSX) is one of the stocks Jim Cramer recently discussed.

CSX Corporation (NASDAQ:CSX) is a major American railroad company that has been at the center of the news this July. Earlier in the month, Cramer and co-host David Faber discussed whether the railroad industry in the US could enter a period of mergers due to the different conditions under the Trump administration. Right on cue, a report surfaced that railroad giant Union Pacific would either acquire CSX or Norfolk Southern. In this appearance, Cramer recalled a recent conversation with Faber for a potential acquisition:

“[On Cowen taking it to buy] David, don’t you think that one of these is going to merge? [Mimicks David Faber with arms crossed and a grim look with pursed lips] And that means yes.

“CSX is going to merge with Union Pacific, am I off the rails? I am in charge of the rails. It’s just the way, the people refuse to believe that this is a different government.”

FiledIMAGE/Shutterstock.com

Earlier, the CNBC TV host wondered whether Norfolk Southern or CSX would be vulnerable to an acquisition:

“I think that Norfolk Southern could be vulnerable. I’d like to think that Joe Hinrichs at CSX, no.”

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Disclosure: None. This article is originally published at Insider Monkey.