Quote:
Originally Posted by Truenorth00
Which aren't free. Those merely impart the obligation to sell. Courts would enforce fair market value.
How much are Canadians with to pay for this? The combined market capitalization of CN and CP is over CA$150 billion as of today's close.
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Quote:
Originally Posted by milomilo
Expensive
Very expensive
CP has a market cap of $50B and CN $100B.
I'm not a fan of the railway ownership model in Canada, but you have to play the cards in your hand.
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CN used to be private. Then the government bought out the lines. Then it sold it off.
I'd say that was a good investment for Canada. Those lines would have been gone.
Now, lets say the government decided to buy the rails up in Canada. This way the rails themselves are a public thing, much like roads. There is no reason that they couldn't then lease the rails out to a company, and even contract out the maintenance.
I know it is likely never going to happen, at least in the near future, but it has happened before, and could happen again.
Ironically, when did Via do a major service cut? When did CN become private?
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