Ready for a few more financial musings? While the rest of the rail industry continues to ride the Buffet bounce things could be looking better for RailAmerica.
After going public again a little more than a month ago the stock has continued a slow slide on light volume from it’s opening price of $15. Fortress Investment Group, who took the company private in 2006, originally wanted $16 to $18 a share for this IPO. Fortress paid $16.35 per share when they bought RailAmerica.
In other I&O news, Aaron Border recently put up this video on rail-videos.net. It shows the Delta-Lima turn returning to the former DT&I from the now CSX-owned ex-B&O.