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[quote]QUOTE: Originally posted by Limitedclear Assuming I had an excess of cash, I would first increase loss reserves, then review company plans for capital expenditures. If feasible I would propose advancing planned projects or, if none plan and invest in perceived weak areas by adding capacity (a new siding or interlocking for example). In the event that was not necessary I would propose a stock buyback as set forth above by others (and is actually happening with several of the Class 1s right now) LC [/quote]LC Here is an idea, refund (re-price) long term debt. Say from a 30 year General Obligation Mortgage bond at 8 and three quarters with 15 years to run and create a 10 year debenture or note at 4 and a half or 5%, saving on interest costs and freeing some of the property from mortgage obligation. Union Pacific did this back in the late 1950's and early 60's. I wonder if the CFO's of todays Class 1's could or would do something like that? Any thoughts? PL
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