Q: Hi Peter, why the sell of on the rails - in particular to CN and CP. Was there any news that affected them directly. Also would you consider them a buy and if so which one would you add. Can you also speak to evaluation. Thank you

Q: I would like to buy a railroad for my son's portfolio. I note the Cdn railroads are currently more expensive on a PE basis than the US rails. This would be a long-term hold (he is 29 yoa, and going into RSP). What would be 5i's preferred choice? If you think CP or CNR, I am not opposed to waiting for a more favourable entry point.

Q: I always thought railways were boring but CNR's chart is quite impressive!

Do you think they may initiate a share split? I think the share price is higher than they have previously allowed before a split. Would now be as good a time as any to step in or what headwinds could they face?

Many thanks!