This is topic Amtrak Stock in forum Amtrak at RAILforum.


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Posted by CoastStarlight99 (Member # 2734) on :
 
Does Amtrak have any stocks?

A.
 


Posted by UncleBuck44 (Member # 2049) on :
 
I dont think so.

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


Posted by boyishcolt (Member # 3001) on :
 
stock is owned 100% bye the goverment
 
Posted by Gilbert B Norman (Member # 1541) on :
 
Is this the "opening salvo" of an unsolicited tender offer?
 
Posted by PullmanCo (Member # 1138) on :
 
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).]
 


Posted by boyishcolt (Member # 3001) on :
 
John:
was my answer incorrect?

All shares are owned bye the U S Transportion department
 


Posted by boyishcolt (Member # 3001) on :
 
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
 
Posted by boyishcolt (Member # 3001) on :
 
link is working
 
Posted by CoastStarlight99 (Member # 2734) on :
 
What are amtraks initials for stock trading..(3 letters)

A.
 


Posted by UncleBuck44 (Member # 2049) on :
 
Amtrak doesnt have stock for trading.

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


Posted by mrhall53 (Member # 1580) on :
 
Amtrak has rolling stock, but a lot of it's kind of iffy.
 


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