CSX Corporation — A Wide-Moat Business That’s Getting Cheap

Did you know that it costs about $1 million to build a single mile of new rail track?

Railroads are an old, well-established industry. But, they’re still surprisingly good investments. And in today’s article, we’ll take a look at CSX Corporation ($CSX).

This is a railway company that consistently beats the market and raises their dividend at a rate that outpaces inflation.

What Does CSX Corporation Do?

CSX Corporation owns and operates over 20,000 miles of train track along the Eastern United States. They also have access to over 70 different ports, and the company provides transloading and warehousing services.

This is a business that helps move essential items. And they’re a key player in America’s agricultural, energy, and industrial sectors.

Perhaps unsurprisingly, CSX Corporation’s importance to U.S. infrastructure has made this company a terrific stock to own. In fact, shareholders have consistently enjoyed market-beating performance and inflation-beating dividend growth…

CSX Corporation Fundamentals

Many stocks are hitting new all-time highs, and it’s becoming difficult to find reasonably priced businesses.