Re: Yreka Western - Wallowa Union RR's
Author: Jonathan Pintell
Date: 01-30-2012 - 20:30

'I think it would be great for a business to make a penny or two off the sale of a locomotive but $900,000 for a running 2-8-2 that isnt coming off a fresh form 4 and complete running gear rebuild doesnt seem preservation minded but seems more like greed.'

Indeed. This is the same strategy Mr. Hammond used back in 2008 when facing foreclosure and the loss of the note to the 19. It was listed on Ozark Railcar for $650,000 in October of 2008. If he has to put the locomotive up for sale because of legal and/or financial issues, list it at a ridiculously high price that nobody in their right mind would ever pay for it. That way he still gets to keep the locomotive, but is still being compliant. This is the same situation now, albeit nearly $300,000 more. He has no intention to sell the locomotive this much is quite clear.

Hopefully the WURR folks up in Elgin will finally WAKE UP and cancel this deal with Hammond. At least one person up there has to at least glance at a Trains magazine, as it is sure evident they haven't even done a simple Google search on Hammond, the YW, or any of the serious financial issues surrounding both.



Subject Written By Date/Time (PST)
  Yreka Western - Wallowa Union RR's D Mueller 01-30-2012 - 15:52
  Re: Yreka Western - Wallowa Union RR's Alfred Doten 01-30-2012 - 16:13
  Re: Yreka Western - Wallowa Union RR's Samson 01-30-2012 - 16:29
  Re: Yreka Western - Wallowa Union RR's WURR 01-30-2012 - 16:41
  Re: Yreka Western - Wallowa Union RR's marty's friend 01-30-2012 - 19:26
  Re: Yreka Western - Wallowa Union RR's Jonathan Pintell 01-30-2012 - 20:30
  Re: Yreka Western - Wallowa Union RR's CHammond 01-31-2012 - 00:55
  Re: Yreka Western - Wallowa Union RR's Bill K 01-31-2012 - 06:59
  Re: Yreka Western - Wallowa Union RR's Bill K 01-31-2012 - 07:02
  Re: Yreka Western - Wallowa Union RR's Bill K 01-31-2012 - 07:04
  Re: Yreka Western - Wallowa Union RR's WURR 01-31-2012 - 09:43
  Re: Yreka Western - Wallowa Union RR's Jonathan Pintell 01-31-2012 - 10:18
  Re: Yreka Western - Wallowa Union RR's ATSF Asbel 01-31-2012 - 18:06
  Re: Yreka Western - Wallowa Union RR's Drew Jacksich 01-31-2012 - 18:33


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