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[quote]QUOTE: Originally posted by dougal [quote]QUOTE: Originally posted by jhhtrainsplanes Mark [:)] Can you tell us how the stock buyout worked? Was it a stock for cash deal or a share of stock for a share of stock? I would be interested to know this. Conrail was a very good example of a railroad being managed well. They started with a mess (not meaning to demean any of the previous railroads) and began making money. Yes, they did get rid of some trackage. But they ran a good "ship" as they say. [/quote] Me? [/quote] Dougal (Mark) [:)] Hey you are more than welcome to take a shot at it. [;)] But I actually meant Mr. H. I remember reading some things in the Trains mag and thought he might remember the details. Losing Conrail does show how we become complacent in thinking what we have today WILL be here tomorrow. It also goes to show how we appreciate something more when we lose it. I would much rather have seen a railroad west of the Mississippi acquire Conrail or vice versa so the Conrail operation could have remained intact. If voicing my opinion would have made a difference in keeping Conrail or not I would have gradly done so. I doubt my opinion as a railfan would have made any difference to the surfboard. I doubt that I could come up with the cash necessary to influence them. OH, sorry, I was just thinking out loud. I am very sure that are not influenced by cash at the least bit. [;)] I believe they acted out of the good of the entire country. Don't you? Now about my swamp land in Arizona? Oh never mind.
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