Re: KCS+CP merger announced
Author: Buffett
Date: 03-23-2021 - 11:19
Just sayin... Wrote:
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> According to the Forbes Article linked, CP would
> have ... " about 20 BILLION Dollars ( U.S. ? ) in
> DEBT when the transaction is concluded. A serious
> chunk of money, especially if the economy remains
> stagnant. Also to be considered is that Railroads
> are generally frowned upon, due to low ROI and
> high operating ratios, by the firms issuing the
> debt.
So are you saying that these two railroads, both with
operating ratios in the low 60s or even less, have
operating ratios that are too high?