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Old 08-24-2009, 02:39 PM   #9
Andrew Blaszczyk (2)
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Quote:
Originally Posted by ShortlinesUSA View Post
My understanding of the poll is which one of these will be taken over by a class 1, not expand and become large enough to achieve class 1 status. That said, I have cast my vote for FEC. Reason: RailAmerica is now owned by Fortress Investment, a hedge fund. They'll likely cash in some chips at some point, and FEC would bring them more than just about any property they have.
I think he means which is the most likely to reach the $250 million mark necessary for Class I status. How or why would LIRR or ARR be taken over.

But I don't see why we can't ignore the poll and discuss both.

I'd have to agree that the FEC would be the next to be bought. Since CSX already has access to southeastern Florida, it would have to be NS to take it over unless CP and CP continue to buy everything in sight.
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