NLY is doing well

[fenders53]

(05-20-2021, 12:50 PM)ken-do-nim Wrote: NEE is up at $67,456.76 adjusted for the split, still second to CP!

The rails seem to defy logic at first.  It's not that they grow all that fast or the just OK dividend.  Next time you are stuck at a crossing waiting for a freight train, just imagine how much money is rolling by.  It's not that any individual rail has a monopoly, the FTC keeps that in check.  The industry has a huge MOAT.  Try to start up a new railroad and you'll be waiting ten years to break even.  The cycle will probably end and you are BK.  They haul volumes that nobody else can efficiently.  Sorry I ignored them for years because they are boring.  Berkshire didn't.