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Non-Tech : FreightCar America - RAIL -

RAIL 8.850

-3.3%

10:53 AM EDT

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To: Carey Thompson who wrote (20)	4/11/2007 1:46:47 AM
From: richardred	Read Replies (1) of 64

Thanks for the words. I have no secret formula. I generally take the unsophisticated be the ball approach. Paying attention to the big picture helps. >do you live by -- or drive by a rail yard seeing (and HEARING!#!#!) this the increasing business all the time, or did you gain your insight on the increasing activity of the railroads in another way? Maybe a little of both. Live not to far from East Rochester where Penn Central had a rail yard. It was abandon back when I used to go by. I used to work in Fairport. Trains going by all the time. Early on, Souther Pacific and Norfolk/Southern were big investments for me. Rail mergers were happening back in my earlier investing days. That attracted my attention. Norfolk paid a nice dividend. Souther Pacific also owned what became Sprint back then. Souther Pacific was not well liked back then. The value finally became unlocked. When you make good money at something you tend to pay attention even more. I started investing in 1977. I saw values being unlocked in rails back then. Lots of assets and a low stock price (PE)compared to tech and nice dividends to boot. Two big rails early on, were invested in energy and land. BN & UP- Natural Gas & Oil. There's not to much left to consolidate now due to Gov't FTC/ICC regulations and competitive challenges by other railroads. Saw some of the early advances rails made. Piggybacking containers then transporting truck trailers. Trucks aren't to efficient to carry coal and grains in volume. It's only a matter of time before rails need more cars for growth and need rail servicing. Rail services and Freight cars, a trickle down, or an indirect way to play good times in Rails. In investing if you think ahead. You'll be ahead, if your right. GITY- Good investing to you RR

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