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NH was short term failure. long term success-
New Haven Merger Opens way to Profitable operations - i.e. North east
Corridor (NEC)
Although the New Haven merger was negotiated as part of the PC merger and
forced in on January 1st it appears from the bankruptcy, and the NH additions to
the red ink, that the NH idea was a bad one. In fact history would demonstrate
that it was a good idea.
Since the PC was the largest merger in history (through 1968) no one
imagined how long it would take to align and merge these unprecedented large
companies. Con Rail which emerged would become one of the most profitable and
successful merged railroads in history. Further, the NEC remains in a strong
positive cash flow position and subsidizes Amtrak's otherwise negative cash
position.
Frank Perrin
Port Road
__________________________________________________________________________________________________________________________ Frank C. Perrin CPA MPA Perrin Accounting, P.C. 14 Rogers Road Suite 205 North East, Maryland 21901 (410) 287-1300 Fax: (410) 287-1312 201 N. Charles Street Suite 2204 Baltimore, Maryland 21201 (410) 287-1300 Fax: (410) 287-1312 VISION STATEMENT: At Perrin Accounting, P.C., we are committed to our clients. As trusted advisors, we are dedicated to providing the highest quality financial and consulting advice. We promise to uphold the values that are the foundation of our profession: insight, integrity, objectivity, clarity, and ethics. CIRCULAR 230 DISCLOSURE NOTICE In accordance with Internal Revenue Service rules, we are now required to advise you that, any federal tax advice provided in this communication, including attachments and enclosures, is not intended or written by the author to be used, and cannot be used by the recipient, for the purpose of avoiding tax-related penalties which may be imposed on the recipient by the Internal Revenue Service. CONFIDENTIALITY NOTICE The material accompanying this electronic transmission contains confidential information which is the property of the sender and is legally privileged. The information is intended only for the use of the individual or entity named above. If you are not the intended recipient, you are hereby notified that disclosing, copying, distributing, or taking any action in reliance on the contents of this electronic information is strictly prohibited. If you have received this electronic mail in error, please immediately notify us by telephone to arrange for the return of the material to us. |