BOB2 Wrote:
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> If he is right, I don't think many folks will be
> buying it up. Apparently quite a few folks bought
> some up this morning though. That could be
> covering short positions, it could be that some
> don't believe these stories, or folks just looking
> for bargains in a jittery market, and think
> valuations have sunk sufficiently to make GE
> attractive.
>
> The real problem is that GE does have enormous
> problems with debt, and has been selling off
> valuable divisions, like their locomotive
> division, that other folks seem to think can make
> money, at what some have called bargain prices, to
> generate cash for the GE Corporate "mother ship",
> to cover that debt....
>
> This is not news, many folks have been saying the
> same thing about GE's likely survival for the last
> 3 years.
>
> This is also why GE's corporate fluctuations are
> no longer RR news....
>
> I am more interested in what GE's former
> locomotive division is up to, what kind of orders
> are they getting or working on, exports, and new
> arrivals of delivered locomotives.
>
> Some folks are right sometimes when they point out
> the core business problems and/or fiduciary fun
> and games, as at Enron, or "too good to be true"
> "trust me" scams like Madoff's. And a lot of
> smart money got out of Enron, before they took a
> bath, others listened to a management they trusted
> and they got f##ked. Jim Cramer told everyone who
> would listen to "buy" Lehman Brothers, to everyone
> who'd listen all through the collapse in 2008...
> and, we all see how that worked out. So, we'll
> just have to see...
>
> I want to find me a GE narrow gauge 70 or 44
> tonners, do any still exist, where, condition,
> photos? I need some real GE choo-choo...

The two ex-Oahu Railway narrow gauge GEs are on the Cumbres & Toltec. Georgetown Loop and Durango & Silverton have narrow gauge GE steel mill centercabs. And the Maine Narrow Gauge Museum has the Whitten Machine Works two-foot gauge 25-tonners that each ride on a pair of trucks.