Wayne,
This is my first post on this thread in almost 2 months, but I felt the need. First, during that time Jack and I have had several private posts and I agree that he is basically a real good guy. I think he gets carried away at times, and S.I. is watching, just like the refs watch Dennis Rodman. Sectretly I think Jack loves the attention and it gives him some spice. I hope he hurries back, as his posts are generally entertaining unless you are the recipient of the barbs (as I was). Hurry back Jack so you're here for the run.
July 23rd is the date for the written approval of the Surface Transportation Board on the Conrail purchase. As that date nears we will see renewed interest in our little rr. IF, the lawsuit is not resolved by that time, there is a general undertone that the STB may (underline may) require funds to be set aside in an escrow type account for settlement. It is my understanding that ConRail is awaiting an imminent ruling in this matter and if they don't get judicial relief (their 5th or 6th try to get this suit thrown out) will probably be forced to the table. I cannot imagine any government agency that would allow the ConRail folks to walk away with their money with a near $ 1 billion suit outstanding. Further,
both CSX and NS must want this settled so they start clean.
I think we will see some news shortly on business, grants, reporting, etc. as the stakes are getting too high for NYRR to keep quiet. It appears from all my DD that all the news to come is positive and that it will benefit NYRR.
Last, many market smart people feel and are saying that NYRR is one of the prime beneficiaries of this NS CSX acquisition and am hoping we will see the stock price move up. In fact, I am surprised at how quiet this rr story has been kept. If you read the Street.com and expecially Kramer, that cute dog!, you may have seen his mention of this same fact.
Here's hoping for a good month for NYRR. Obviously a long.
regards,
Ed |
