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Unfortunately, the value of this real estate is handicapped by its dimension. Most railroad ROW's are only 66'wide. The "highest and best use" (as defined in most Planning Commisions nationwide)is for railroads or bike paths. When railroads are abandoned (which most railroad companies do when they no longer want to maintain unused track routes), the property is donated by the railroads. So does UNP own a lot of reals estate? Yes What is the value of it? Hard to say, but it is much less than a regular piece of real estate. You can not build on it. Most building code setbacks are at least 15 to 35 feet. Which does not leave much room for any sort of building. Once, a building is in place, the rest of it becomes land locked, until the next intersection.
For someone who is the biggest spammer on the internet of KSU, you don't know a lot about railroads. The real estate that Cramer is talking about is not the right of way where track is laid. The ROW does have value and has been sold at a premium where the ROW went trough a big city and the city wanted the real estate. They would move the ROW to the outskirts of the city and build new track and yards. The real estate that has the most value is the big parcels of land that UP owns in these big cities. Over the last 100 years the cities have grown around these big parcels. In some cases these might be the largest pieces of property in the cities.
muscatbrett is a fake and fraud and ha no appreciation for UNPs land holdings. 60 feet my ass... many of the swaths of land are 40 to 60 MILES wide. And it's not just track right of way, but forest land and just a large collection of assets collected over the last 140 years that ended up being in what turned out to be metro areas.
I was looking at the total railroad mileage as a whole. You are right in that the city areas may be worth more. However, if you look up the past abandonement agreements with state and national government, in most cases the city parcels were part of an abandonment agreement along with rural segments. These abandonements were made so maintenance would not be an expense for therailroads when they were no longer being used. I am not sure about UNP and CSX, but KSU is trying to rebuild rail beds that were abandoned by other railroads. Additionally, most of the real estate owned by rail roads never had a deed (trust or warranty). This makes it very hard to sell to private owners. That is why you see the government stepping in and turning these bike paths or hiking trails.
I never believe a word Cramer says. AS matter of fact I do the opposite. The opposite is alsways profitable. He is a former hedge fund manager who confessed that he lied and spread vicious rumors to drive a stock down or up. He said all hedge fund managers do the same. Here he is doing it again hyping a rail road company because it own land in wilderness. What a stupid idea. I invest in UNP as a successful rail road company moving freight which hopefully will double with booming economy. I do not invest in UNP as land owner. Will be useless.
I never believe a word Cramer says. AS matter of fact I do the opposite. The opposite is alsways profitable. He is a former hedge fund manager who confessed that he lied and spread vicious rumors to drive a stock down or up. He said all hedge fund managers do the same. Here he is doing it again hyping a rail road company because it own land in wilderness. What a stupid idea.
You don't need to tell us who the stupid one is. He has MILLIONS, that's $1,000,000,000,000,OOO, and you are on a Yahoo message board......ROFLMAO!
I do not agree with everything Cramer says. I sometimes will go the opposite way of his picks. You are wrong in saying to go against his picks is always profitable. I know because I have lost money going against him. Cramers biggest asset is that he was a successful hedge fund manager for many years. He knows how hedge fund managers and big money institutions think and work. He is not hyping UP "because it own land in wilderness". For one thing UP's valuable land is mostly in the city limits of the nations big cities. He was pointing out that private equity funds who have access to great sums of money now, are looking for companies that have untapped hidden value. He said that UP which is the biggest landowner in the nation is one of those companies.