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NS rejects CP bid

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  • Member since
    January 2001
  • From: MP CF161.6 NS's New Castle District in NE Indiana
  • 2,148 posts
Posted by rrnut282 on Sunday, December 13, 2015 7:28 PM

As an NS stockholder, I am torn.  I woudn't mind a shot in the bottom line, but not at the cost of NS's soul.  I invested in NS because I wanted to support their ability to make a profit and still have a steam program.  The preponderance of sentiment is EHH doesn't have time or money for a soul.  That is a price I'm not willing to pay.

Mike (2-8-2)
  • Member since
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  • From: Henrico, VA
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Posted by Firelock76 on Sunday, December 13, 2015 5:40 PM

Brother K, I LIKE the way you think!

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Posted by kgbw49 on Sunday, December 13, 2015 12:13 AM

2816 to pull trains up the hill, splitting that duty with 3713 when ready, and CNR 97 restored as CNJ 225 for the yard trips. That would be a lineup that would draw some attention!

  • Member since
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  • From: Henrico, VA
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Posted by Firelock76 on Saturday, December 12, 2015 8:57 PM

Ahhhhh, a kindred spirit! Mr. Kgbw49 what you say makes perfect sense.

Reminds me of a letter President Lincoln sent to General McClellan when he sat idle with the Army Of The Potomac for months, not doing anything.  "General, if you're not going to use the army do you mind if I borrow it for a while?"

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Posted by kgbw49 on Saturday, December 12, 2015 8:41 PM

You know, Mr. Firelock, come to think of it, couldn't EHH at least give 2816 back to Steamtown where at least it could be used? He doesn't even have time for that - he has to kill the program, lock the locomotive away and throw away the key so nobody ever sees what he thinks is a useless old hunk of junk again.

  • Member since
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  • From: Henrico, VA
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Posted by Firelock76 on Saturday, December 12, 2015 7:55 PM

I've just come home from my favorite local restaurant (Frank's West, Henrico Va. Yelp it!), got a stomach full of Mussels a'la Frank, veal parmigiana, and a half-carafe of the house red, and I feel GOOOOOOD!

So, let me add my thoughts about this proposed CP-NS merger.

Too hell with Ackman, to hell with EHH, to hell with Wall Street and the other assorted vultures.  Norfolk-Southern exists to support Mighty 611 and all the other great ladies of the steam program, both present and future debutantes.

If the merger goes though and the steam program goes down what's left of NS will be nothing but a soulless conveyor belt of look-alike diesels pulling consists of rustbucket freight cars of various iterations.  No panache, no drama,no tradition, no color, no nothin'.  Nothin' but dead steel and diesel fumes.

I'll still be a railfan but I'll have to work to enjoy it.

There! I've said it and I'm glad!  Call me nuts if you like, that's something I already know!

And if I've raised a giggle or a snicker from some or all of you, then I consider my work well done.

That's all. 

  • Member since
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Posted by dakotafred on Friday, December 11, 2015 6:04 AM

Sure, but it would be like Harrison to seek new worlds to conquer. Say that Ackman and EHH make each other possible.

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  • From: US
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Posted by BaltACD on Thursday, December 10, 2015 5:50 PM

dakotafred

Surely it's the other way around, with Ackman, who wouldn't know how to read a waybill, taking a ride on Harrison's expertise.

Ackman speaks money - money makes puppets dance and talk!

Ackman's hedge fund business is takeing a big hit and is in the red this year.

Never too old to have a happy childhood!

              

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Posted by dakotafred on Thursday, December 10, 2015 5:07 PM

Surely it's the other way around, with Ackman, who wouldn't know how to read a waybill, taking a ride on Harrison's expertise.

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  • From: US
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Posted by BaltACD on Thursday, December 10, 2015 12:52 PM

Ulrich

Maybe not if Harrison can shape them up. Even if a merger ultimately doesn't happen, having him run things for awhile might not be such a bad thing.

Harrison is Ackman's puppet and mouthpiece.

Never too old to have a happy childhood!

              

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  • From: Flint or Grand Rapids, Mi or Elkhart, It Depends on the day
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Posted by BOB WITHORN on Thursday, December 10, 2015 7:52 AM

Perhaps. If the stock holders can be conned into attacking the NS board, than the current offer really won't matter.

  • Member since
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  • From: Guelph, Ontario
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Posted by Ulrich on Wednesday, December 9, 2015 5:23 PM

Maybe not if Harrison can shape them up. Even if a merger ultimately doesn't happen, having him run things for awhile might not be such a bad thing.

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    September 2002
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NS rejects CP bid
Posted by ndbprr on Wednesday, December 9, 2015 4:13 PM
Way too low and an insult.
Nuff said

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