Re: Union Pacific Bankruptcy- Bezos Buy?
Author: Guest
Date: 06-30-2021 - 20:27
There’s only one reason UP would go into bankruptcy. For a land grab.
Bankruptcy means your liabilities exceed your assets. Do you realize neither the Milwaukee Road or the Rock Island ever met that criteria? Both, while poorly managed could have been recapitalized by liquidating a portion of their real estate holding. Neither did because certain interests realized they were worth far more dead than alive. Note the stock price on both skyrocketed once it was announced they were going to liquidate. It’s a long financial story but available with a little digging.