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Author Topic: Amtrak Stock
CoastStarlight99
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Does Amtrak have any stocks?

A.


Posts: 1082 | From: Los Angeles, CA. USA | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
UncleBuck44
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I dont think so.

I tried to grab some for my portfolio but couldnt find any.
Instead I went with UP.


Posts: 547 | From: St. Louis, MO, USA | Registered: Nov 2002  |  IP: Logged | Report this post to a Moderator
boyishcolt
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stock is owned 100% bye the goverment
Posts: 193 | From: illinois | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
Gilbert B Norman
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Is this the "opening salvo" of an unsolicited tender offer?
Posts: 9975 | From: Clarendon Hills, IL USA (BNSF Chicago Sub MP 18.71) | Registered: Apr 2002  |  IP: Logged | Report this post to a Moderator
PullmanCo
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No, Amtrak is not owned 100% by the Government.

Amtrak is a Federal Corporation.

There are up to 10,000,000 shares of common stock available. FY 2002 audited statements show 9.3 million shares on issue.

NOTE: From what I can see reading the various websites, the voting rights for common stock consist of electing 3 of the 9 Board of Directors seats (5 of the nine are Governmental in nature and the last is selected by the board itself).

There are up to 109,300,000+ shares of preferred stock available. All of it is on issue. These shares do not have voting rights. These shares are owned by the Office of the US Secretary of Transportation.

It's amazing what happens when you read the annual report...
http://www.amtrak.com/pdf/01annualrpt.pdf

John

------------------
The City of Saint Louis (UP, 1967) is still my standard for passenger operations

[This message has been edited by PullmanCo (edited 02-16-2004).]


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boyishcolt
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John:
was my answer incorrect?

All shares are owned bye the U S Transportion department


Posts: 193 | From: illinois | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
boyishcolt
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you link is dead
as i understand it from A.G.Edwards all stock is now owned bye transportion dept.
at one time (1971) railroads did own most of the perferred stock but goverment bought back

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boyishcolt
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link is working
Posts: 193 | From: illinois | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
CoastStarlight99
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What are amtraks initials for stock trading..(3 letters)

A.


Posts: 1082 | From: Los Angeles, CA. USA | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
UncleBuck44
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Amtrak doesnt have stock for trading.

Go to Yahoo and you wont see any stocks for Amtrak.


Posts: 547 | From: St. Louis, MO, USA | Registered: Nov 2002  |  IP: Logged | Report this post to a Moderator
mrhall53
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Amtrak has rolling stock, but a lot of it's kind of iffy.
Posts: 58 | From: Owensboro, KY USA | Registered: Apr 2002  |  IP: Logged | Report this post to a Moderator
   

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