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Here's Why Norfolk, BlackRock and Altria are Buys

Canadian Pacific Railway dropped its bid to hook up with Norfolk Southern last month, but that does not mean Norfolk's shares are unattractive.

Canadian Pacific Railway (CP) - Get Canadian Pacific Railway Limited Report dropped its bid to hook up with Norfolk Southern (NSC) - Get Norfolk Southern Corporation Report last month, but that does not mean Norfolk's shares are unattractive, said Mark DeVaul, portfolio manager for the Hennessy Equity and Income Fund (HEIFX) - Get Hennessy Equity And Income Inv Report . 'There is a high barrier to entry in the railroad business,' said DeVaul. 'And while coal has been a drag on profits in recent years, the negative impact is limited.' The Hennessy Equity and Income Fund has returned 1.4 percent thus far in 2016, according to Morningstar.

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