Bubbles never occur in the stock market, just look how well AOL has done in the last two decades....
I'm becoming more and more convinced that every entity should pay some some tax for short term capital gains, with higher rates when stock buybacks are in effect.
NKP guy Speaking of CSX (apropos of nothing), did you guys catch the moment today on CNBC when it was mentioned that Zoom has a higher valuation (I think that's what was said) or is worth more than CSX? How in the devil did that happen?
How in the devil did that happen?
Bubbles happen in the markets - some company is featured to be a 'darling' of 'smart money'. Smart money becomes a 'influencer' in the broader markets and the 'darling' gets pumped up a mega balloon of a bubble - a bubble that WILL burst at some point in time. The value of the company in the bubble will be multiple many times in excess of its book value or its on going business value.
Right now Zoom is one such darling.
Never too old to have a happy childhood!
Investors all over it. I looked into how they make money and I don't get it at all.... a lot of BS talk. They don't seem to be any more profitable than 1 measly mile of CSX track.
Also China has the encrytion keys so watch out... they say it's safe but there has been foul ups... I smell a rat, or bat, or whatever the heck.
Speaking of CSX (apropos of nothing), did you guys catch the moment today on CNBC when it was mentioned that Zoom has a higher valuation (I think that's what was said) or is worth more than CSX?
They've never had to deal with Precision Scheduled Zooming?
If the inside is able to be entered, any interior equipment has to be mantained. I suppose removing interior furnishings is one way. Most seem to think maintenance locks (Ones that train crews won't have keys for) or welding the door shut is cheaper.
We have shoving platforms that access is possible and some, probably the majority, that access is not possible.
Jeff
CSSHEGEWISCH Many of the cabooses used as shoving platforms do not allow access to the interior of the car.
Many of the cabooses used as shoving platforms do not allow access to the interior of the car.
I'd guess that depends on the railroad. CSX crews can access the caboose (shoving platform) interiors, but there's no creature comforts in there anymore.
I live in the Richmond VA area, real CSX country, and the only time I've seen cabooses is on local freights. They're not used in the traditional manner, but as what's called "shoving platforms." Crewmen that throw switches and set out and pick up freight cars will ride in the cabooses and relay move information to the locomotive crew.
Typically these shoving platforms are not in the best exterior condition, the ones I've seen here looked like they had skin diseases.
So my guess is that's what your wife's been seeing.
My wife works at an auto dealer right on top of the old ACL now CSX line heading west/ northwest from Augusta, GA. She insists that she has regurly seen cabooses on the outbounds for the last few weeks. I have now insisted that she take some photos. Any thoughts? COVID related? Safe clean place for crews to sleep? Anybody with any info? Very Curious.
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