Canadian Pacific Warns Of “Tremendous Pressure”, “Strong Headwinds” For Economy
by Tyler Durden
ZeroHedge.com
01/21/2016
Today, none other than railroad titan Canadian Pacific (whose stock is down 4% despite the torrid surge higher in risk assets) confirmed that not only are things “worse”, but the bottom may have fallen out from what until recently was one of Warren Buffett’s favorite industries, after missing on both the top and bottom line, but especially during its conference call in which the management team admitted to “tremendous pressure” on the top line, “challenging times” for revenue growth, strong headwinds for the US economy in 2016 and warned another 1,000 workers are about to get the pink slip.
The Rest…HERE
