Re: Iowa Pacific - SOLD
Author: smitty195
Date: 04-25-2014 - 21:13
That's a shame. I thought he ran a pretty cool company. However, I did wonder where in the heck all of that capital was coming from when they were buying up rolling stock left and right, buying this piece of equipment, buying this, buying that, new paint here, new interior there, etc, etc....Everything about them was spending lots and lots of $$$$$. So I guess I'm not surprised that he got out while he could. What happens now? Massive selloff of rolling stock and all of the other new toys?