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[sharechat] Transrail~why I am a bear


From: Marilyn Munroe <who.c@res.co.nz>
Date: Wed, 28 Feb 2001 15:42:30 +1300


David Ling in his recent post implied that some sharechaters had bad mouthed this co. so much that they had driven down the share price.

I am one such person and I do not resile (sorry my email program doesn't have a thesaurus) from my previous comments.

I repeat my opinions: Transrail has never been consistently profitable. It generates insufficient cash flow to repay investors, fund improvements, or maintain assets. The N Z Government will ultimately end up with the responsibility of running the the N Z rail network.

If David Ling and like minded persons disagree and wish to invest, good on them. It will postpone the day in which I as a taxpayer have to reach into my pockets.

Boop-boop-de-do Marilyn

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