Q: Could you please comment on the current valuation of CNR relative to its historical valuation. Is it particularly well priced at this time?
Thanks
Thanks
5i Research Answer:
At about 17X earnings, CNR is right at the 5 year lows for their valuation with it trading as high as 28X at some times. Zooming out to a 10-year period, the valuation is essentially at the lower bound of the historical valuaiton range as well, with only a few instances of it dipping below this for a short period of time.