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 is one of the stocks Jim Cramer recently discussed.

CSX Corporation 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.”

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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This article is originally published at Insider Monkey.