Friday, January 20, 2017 • Financial News & Daily Record • Page 3
CSX
CONTINUED FROM FRONT PAGE previous two years, Ward said repeatedly that a big railroad merger was unlikely because there would be too many regulatory hurdles to overcome. After getting rebuffed by CSX and Norfolk Southern, Harrison said in April he had given up on the idea of a major railroad merger. Ward has faced a proxy fight before. In 2008, four candidates nominated by The Children’s Investment Fund Management LLP and 3G Capital Partners Ltd. won
election to CSX’s 12-member board of directors, but Ward maintained his control over the company. CSX ended Thursday up $8.63 to $45.51, a 23.4 percent increase, which was the stock’s largest one-day gain since at least 1980. The stock had fallen $1.21 to $36.88 Wednesday after the company reported fourth-quarter earnings of 49 cents a share, a penny below the average analysts’ forecast.
Although Ward said he is optimistic about economic trends this year, investors were not enthusiastic until the news emerged about Harrison’s interest in the company. “An underwhelming set of fourth-quarter numbers and vague FY17 guidance met our ‘underweight’ thesis (but missed lofty consensus expectations) and the initial stock reaction reflected the disappointment,” Morgan Stanley analyst Ravi Shanker said in a research note Thursday.
“However, the unexpected CP CEO retirement and possible activism could bring more bullish outcomes into play,” he said. Shanker raised his rating on CSX to “equal weight.” “In the near term, given the potential activist interest, the stock is not likely to trade on fundamentals until a resolution, which drives our upgrade,” he said. mbasch@baileypub.com
Development today Lawson CONTINUED FROM FRONT PAGE
The Daily Record will regularly provide updates about building permits and development plans filed with the city and other agencies. For more permits, see Page 5.
Industrial
• Unified Investigations, 2628 Port Industrial Drive, contractor is Spinner Construction, tenant build-out, $195,000.
Office, bank, professional
• Adecco, 10151 Deerwood Park Blvd., No. 400, contractor is DavLin Interior Contractors, build-out of 25,470 square feet, $413,000. • Baily’s Health & Fitness, 9545 San Jose Blvd., No. 3, contractor is C&R General Contractors Inc., new entrance and partial demolition, $100,000.
Compiled by Staff
Real Estate
Sale of the Day ADDRESS OF PROPERTY:
2801 Bastia Ct SALE PRICE:
$405,890 MORTGAGE:
$383,250 LENDING INSTITUTION:
PrimeLending SELLER:
HCC Tamaya Residential LLC BUYER:
Luis A Brignoni DATE OF TRANSACTION:
1/13/2017
COMPILED BY DAILY RECORD STAFF. SEE PAGE 7 FOR LISTINGS OF ALL SALES.
SPACE SPONSORED BY
8777 San Jose Boulevard Suite 903 Jacksonville, FL 32217
(904) 739-7100 www.TheLegendsOfRealEstate.com
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The first thing I grabbed was an old state of Florida seal that hung in my old Florida Senate office and sports memorabilia from my playing and coaching days at Florida A&M University and Florida State University.
What are the keys for you, as a freshman representative, to be successful? I came to Washington, D.C., to serve all of the people of the 5th Congressional District responsibly and with integrity. I’ve always found that when your agenda is to be of service to your community, you will be successful. You and Rep. John Rutherford both represent parts of Duval County. What is your relationship with him and how will you work together on issues important to the area? We have a great relationship; we have known each other for years. In the weeks since my election, Rep. Rutherford and I have been getting reacquainted and searching for ways in which we can work together on issues to benefit all of Duval County. I see our relationship strengthening in the months and years to come. What is the relationship among the Florida delegation? How will the group keep partisan politics out of doing what’s best for the state? I’ve known some members of the Florida delegation for decades, having served with them in the Florida Legislature. I represent a good swath of North Florida, so to be successful in the community, I will have to work with my North Florida colleagues (Matt Gaetz, Neal Dunn, Rutherford and Ted Yoho), as well as those members from other parts of the state. A Scripps Howard Foundation analysis found that in the 113th Congress, only 2.6 percent of bills introduced by new lawmakers became laws and 84 percent received no action beyond being referred to a committee. What bills do you plan to introduce and how will you work to
Special to the Daily Record
Stores, mercantile
• Dry Clean Kingdom, 9734 Deer Lake Court, No. 6, contractor is Center, Knight & May Contractors, interior renovations of 1,647 square feet, $29,884.
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What are some of the personal items you took with you to keep in your D.C. office and why are they important to have with you?
You’re from Florida, where winters aren’t really winters, especially compared to D.C. How’s that weather up there so far?
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D.C. is cold! I spent this past weekend in Williamsburg, Va., with the freshman class of the 115th Congress (the newly elected members of Congress). And I can tell you that I have not ever seen so much snow in my life. There was eight inches of snow. I had to purchase a new winter coat, scarf, hat and gloves, prior to coming to D.C. I’m thinking I may need to find some snow boots. gain support for them? I’m looking to introduce a bill to help reduce the student loan debt that burdens so many Americans. I represent multiple colleges and universities and over 100,000 college students who leave with a tremendous amount of debt. With the tremendous amount of student debt borne by so many Americans, I think this is an issue I can find common ground with
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Signs
• Tropical Smoothie, 13159 City Center Blvd., No. 101, contractor is Shark Signs of Northeast Florida, five permits totaling $36,900. • Saucy Kitchen, 1615 Hendricks Ave., No. 1, contractor is Shark Signs of Northeast Florida, two permits totaling $4,400. • Hardee’s, 675 Nautica Drive, contractor is Shark Signs of Northeast Florida, four permits totaling $7,300.
U.S. Rep Al Lawson’s office includes a seal from the state of Florida, above, and several awards from Florida A&M University and other organizations.
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Roofing
• Sunbeam Apartments, 4295 Sunbeam Road, contractor is Atlantic Coast Roofing, 27 permits totaling $382,500. • Town Center Promenade, 4488 Town Center Parkway, contractor is Stonebridge Construction Services LLC, three permits totaling $179,332.
Photos provided by Al Lawson
Restaurant
• Magic Ice Cream, 2728 Park St., contractor is NIALVI LLC, buildout of 1,500 square feet, $16,000. • Domino’s, 5015 San Jose Blvd., contractor is Speed Construction Services, interior build-out, $200,000.
several other members to address. How often will you get back to the district, both to meet with constituents and to see your family? I was just sworn in this past week and my family has been with me the entire time. It is my intention is to be in the district each week, longer when there are no scheduled votes in D.C.