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Re: @ Rich
Author: Graham Buxton
Date: 05-18-2012 - 20:19

Rich Hunn Wrote:
-------------------------------------------------------
> I don't know why you think it was $90M, the
> purchase price was $9M. There is no way in hell
> that
> the sold railroad was worth $90M.

It doesn't matter what Rich Hunn thinks about the value of the railroad. What matters is what the buyer thinks. Here is what G&W, the buyer says:

Quote:
G&W press release, from the G&W website
Genesee & Wyoming Inc. (GWI) (NYSE: GWR) announced today that it has completed its acquisition of the Arizona Eastern Railway (AZER) from Iowa Pacific Holdings, LLC for $90.1 million in cash, subject to adjustment for final working capital. Headquartered near Miami, Arizona, AZER is composed of two rail lines operating over 200 track miles in southeast Arizona and southwest New Mexico that are connected by 52 miles of trackage rights over the Union Pacific Railroad.
[phx.corporate-ir.net]

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Subject Written By Date/Time (PST)
  Biofuel Plat at Watsonville Dick Zellerbach 05-18-2012 - 16:37
  It is supposed to open this fall Howard 05-18-2012 - 17:13
  Re: It is supposed to open this fall Dick Zellerbach 05-18-2012 - 17:27
  Re: It is supposed to open this fall Graham Buxton 05-18-2012 - 17:54
  Re: It is supposed to open this fall Robert 05-21-2012 - 13:18
  @ Dick Howard 05-18-2012 - 18:10
  Re: @ Dick Rich Hunn 05-18-2012 - 19:03
  Re: @ Dick Gee Whiz! 05-18-2012 - 19:21
  Re: @ Dick Rich Hunn 05-18-2012 - 19:53
  Re: @ Dick Say What 05-18-2012 - 20:07
  Re: @ Rich Graham Buxton 05-18-2012 - 20:19
  Re: @ Rich Rich Hunn 05-19-2012 - 08:16


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