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FreightCar America Inc. Message Board

  • boreasgm boreasgm Nov 3, 2009 8:54 AM Flag

    Rail Car Manufactures and Investors

    beware that today's announcement that Berkshire Hathaway's purchase of Burlington Northern will not equate to an increase demand for railcars. Wilbur Ross stated that the rail industry is in a depressed state and will continue that way for sometime. He also said that 1/3 of all rail cars are setting idle. His rail knowledge comes from the fact that his investment firm owns a railcar leasing business. Bottom line is now is not the time to invest in railroads, and railroad equipment manufactures - no matter what the Wall Street people say.

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