Friday, December 7, 2007

Union Pacific stock keeps chugging along nicely

Do you like to play with trains? Here is a stock that will keep you on the track. Union Pacific (UNP) is the number one rail freight carrier in the U.S. They transport anything you could imagine on a network of tracks more than 32,000 miles long stretching over 23 states. They own most of this track and lease it out to other freight carriers like U.P.S. and collect additional fees.
By the end of 2002 one share was at about $55 a share. By the summer of 2005 it was at about $70. By the beginning of 06 it was $80. The beginning of 07 it was at $90. On December 6th it closed at over $134 a share. Its a tried and true stock that has withstood the test of time. Its not going to skyrocket up as fast as some of the other stocks i have written about but it will give you a nice steady secure ride. It just keeps on rolling along.

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