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One would like that, but it hardly ever happens.

>> 1. In most cases, there's only one other railroad that operates parallel routes, so the loss of competition would create a monopoly.

>> 2. There are also very strong political forces aiming to sustain rail service to communities and shippers that would lose it if a railroad were to fail.




And so they are and continue to be the giants in that sector and therefore continue to be good investments (at the right price).

Monopolists with increasing cashflow and dividends, with a very high entry cost for potential competitors. What more could we ask for??? The history that I looked at shows that RR's do really well during this part of the economic cycle, as they are doing now. $$ :):)

IKan
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