by Erik Kobayashi-Solomon | Oct 31, 2018 | Research
Union Pacific UNP announced third quarter 2018 results last week, and looking through the numbers gave me a shock. Revenues for the first nine months of 2018 came in at $17.1 billion, an 8% increase over the first nine months of 2017 and in line with our best-case...
by Erik Kobayashi-Solomon | May 18, 2018 | Research
I frequently like to say that the scientific method can and should be applied to investing. I have started thinking that my bearish investment in the largest railroad in the US, Union Pacific UNP is an experiment of sorts. Namely, in my experiment I’m trying to...
by Erik Kobayashi-Solomon | May 3, 2018 | Research
We took a short break from our series on Netflix to look over the numbers published by Union Pacific UNP last week after its first quarter 2018 earnings announcement. The bearish call spread investment we highlighted in early February frustratingly has been trading...
by Erik Kobayashi-Solomon | Feb 14, 2018 | Research
We have written a great many articles about Union Pacific, created a full Guided Tear Sheet mini-course on it, and have recently posted Synthetic Short and Bearish Call Spread Tear Sheets on the name. The firm posted its annual report not long ago, so we updated our...
by Erik Kobayashi-Solomon | Feb 9, 2018 | Research
With the market falling earlier, implied volatilities headed upward, so we decided to sell a call spread on Union Pacific as part of our bearish strategy that includes the synthetic short idea published earlier this week. We bought the covering strike at a good price,...
