EMDSD80MAC -AT- aol.com wrote:
The profits that Conrail turned back to the stockholders were phenominal. 485
million for the year by 1988 If U bought 10 shares at initial offering
(13.20), You paid 132.00 when it split 2 for 1 @ 99.00 per share... your
stock was worth 1980.00. when the stock was recalled in 1998 Conrail paid
115.00 per share...your stock was worth 2,300.00 or about a 200 percent gain!
My friend at work who worked for Conrail sold his stock (from profit sharing
and built a house!) ED