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Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 3:12 pm
by Saturnalia
Are your paper railroads traded pubically? That means people could buy stock, and it's traded on the stock market, such as the New York Stock Exchange (NYSE). This also requires you to put out a quarterly report about earnings, profits, ect at the end of every quarter. This right now, as the end of Quarter 1 (Q1) was the end of March, this is an earnings season, and that is why you see the railroads that are public (Mostly the Class Is), releasing earnings data. So, are your railroads public?

MQT isn't

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 7:47 pm
by conrailman75
My Penn Central is privately owned as I have no desire or interest in trying to put out a financial report.

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 7:53 pm
by Michigan Railfan
The DR&EC is privately owned as well. If I knew more about stock trading, I'd consider making it public, but I know little about the stock trade.

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 7:54 pm
by atrainguy60
Nope.

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 8:01 pm
by Saturnalia
I should have made it clear that you DON'T HAVE to put out a "report" on here...I was more curious than anything.

MQT is largely Employee-Owned, but here is what the breakdown looks like:

Employees: 68%
Private Investors: 24%
Customers*: 6%
Other: 2%

* YES: Customers can buy into the MQT. Most customers who own a share of the company actually own quite a bit of track into their facilities (Lafarge, Sargent Sand, Dow, Nugent, ect).

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:28 pm
by DT&I
Privatly owned companies must have a X at the end of their reporting mark, like HLCX, and GLLX, thats why CSX is CSXT, becuase they arent privetly owned, lol thanks to brent for telling me this.

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:30 pm
by Saturnalia
DT&I wrote:Privatly owned companies must have a X at the end of their reporting mark, like HLCX, and GLLX, thats why CSX is CSXT, becuase they arent privetly owned, lol thanks to brent for telling me this.

Ehhh...Thats leasing companies that must have an X after their name. How about MQT? They aren't MQTX! GLLX= Great Lakes Locomotive Leasing....

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:33 pm
by DT&I
MQT3001 wrote:
DT&I wrote:Privatly owned companies must have a X at the end of their reporting mark, like HLCX, and GLLX, thats why CSX is CSXT, becuase they arent privetly owned, lol thanks to brent for telling me this.

Ehhh...Thats leasing companies that must have an X after their name. How about MQT? They aren't MQTX! GLLX= Great Lakes Locomotive Leasing....

MQT is employee owned right? Thats why its not MQTX.

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:42 pm
by Saturnalia
DT&I wrote:
MQT3001 wrote:
DT&I wrote:Privatly owned companies must have a X at the end of their reporting mark, like HLCX, and GLLX, thats why CSX is CSXT, becuase they arent privetly owned, lol thanks to brent for telling me this.

Ehhh...Thats leasing companies that must have an X after their name. How about MQT? They aren't MQTX! GLLX= Great Lakes Locomotive Leasing....

MQT is employee owned right? Thats why its not MQTX.

Reporting marks that end in X means whoever owns it isn't actually moving it in Railroad service, such as leasing companies such as GATX, GLLX, TTX, ect

Has nothing to do about weather or not the company is publically traded

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:46 pm
by DT&I
PM brent then

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:47 pm
by Saturnalia
DT&I wrote:PM brent then

Tell him to join paper RRs for a half hour then...

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:49 pm
by DT&I
MQT3001 wrote:
DT&I wrote:PM brent then

Tell him to join paper RRs for a half hour then...

Im on my kindle, chat doesnt work right.

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:52 pm
by Saturnalia
You go ask him because YOU are the one quoting him (and when did he ask BTW?)!!!!

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:56 pm
by DT&I
MQT3001 wrote:You go ask him because YOU are the one quoting him (and when did he ask BTW?)!!!!

Id rather not, im going to bed, and he said it sometime last fall.

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:57 pm
by Saturnalia
Ahh, I see where he might be coming from. In some places, its worded as "private compaines", but that simply means companies that don't operate a railroad, such as GATX. It has NOTHING to do about actual company ownership....

From Trains Magazine:
The letters, known as reporting marks, indicate the owner of the car, while the number places it in the owner's fleet. Reporting marks ending in X indicate ownership by a private company as opposed to a railroad.

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 10:57 pm
by Ypsi
nope

Re: Any Publically Traded Paper RRs?

Unread postPosted: Fri Apr 20, 2012 11:09 pm
by atrainguy60
I mentioned this to Magnum, and he said twice "no" about joining the Paper Railroads.

Re: Any Publically Traded Paper RRs?

Unread postPosted: Sat Apr 21, 2012 8:35 am
by DT&I
atrainguy60 wrote:I mentioned this to Magnum, and he said twice "no" about joining the Paper Railroads.

Of course lol but GECX owns tracks in Pennsylvania?