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The Merger Paradigm
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[quote]QUOTE: <i>Originally posted by BaltACD</i> <br /><br />Due to the capital intensive nature of railroading, todays Class I's have become pawns of Wall Street's 'foamers'. Wall Street, in general, views railroads as a dying industry with little value to 21st Century investors and they thereby portray their beliefs that Wall Street analyists know more about operating railroads profitably than the managements that actually do. <br /> <br />The capacity issues that today railroads have are based upon Wall Street's perception that a 100 car train only needs 100 car lenghts of track......great thinking if you don't want or need to move it to satisfy customers. The capacity issues have been generated by Wall Street's view of 'If it doesn't have cars on it, it is excess capacity and needs to be pruned from the system. <br /> <br /> [/quote]Well what do you expect from folks that think that there is no life west of the Hudson?
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