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[quote user="Murphy Siding"]  All he thinks he has to do differently, is buy the plant at a much cheaper price-like at a liquidation sale.  If it's a workable business, the process repeats, until someone buys the plant cheaply enough to make it work.  Who's to say this isn't what's going on here, only on a grander scale?        If  UberDM&E were to go under, the plant wouldn't just sit there.  No one would sit still for that.  What would be the options?  A fire sale?  A Penn Central? A Conrail?  No one is quite sure.  There, I believe, may be part of the problem.[/quote] Doesn't DM&E have like 6 years before they have to start making payments? That would suggest to me that any failure is likely to be 6-8 years down the road. how long will a railway hold up under heavy coal use? What a theoretical receiver ultimately takes over might have a value far below $1.5B
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