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[quote]QUOTE: Originally posted by SPandS-fan Great! You then should have the net income and operating figures available at your fingertips to provide for comparison for all three railroads for 1967. Net income and operating ratio are important, especially the latter, because it reveals the overall efficiency of the railroad -- unless revealing that information would tend to poke holes in your assertion. . . [/quote] ... except that net income, etc. for a large conglomerate like the railroads includes a lot of money that has nothing to do with railroad operations. You have to dig down into the footnotes and supporting schedules to find out what those numbers are. If they are good, they are usually prominently displayed. If they are bad, not so easy to find! Remember the California railroad that was described as an oil company that just happened to own a railroad?
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