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As of Mon 08/19/2013 01:00 PM EDT | USD
Railroads bolstered our confidence in the persistence of excess returns via solid performance through the recent recession and coal weakness.
Alternative methods have some use, but we think discounted cash flow is the most fundamentally sound way to value the conglomerate, as we discuss in the final installment of our 5-part series.
Increased access to the Gulf Coast results in higher realizations.