by Engineer Spike
This is bad news not only to Pan Am, but Maine in general. We have had discussion after discussion about the railroad. Why has the track been let deteriorate, and about the poor service. This shows that they have tied themselves too heavily on one source of income.
There have been many posts about the improvements since young David has taken over. He has no control over the general economy of Maine paper enterprises. This has likely been why he has been trying to solicit new customers. I just hope that it is not too late.
We will have to see what happens. Mr. Mellon might look to forgo paying himself dividends, so that the money can be spent improving the plant. This could entice new customers. The other option is to sell out. There can't be that much more land to sell, so it could come to a point where he feels that he has gotten everything out of his investment.
There have been many posts about the improvements since young David has taken over. He has no control over the general economy of Maine paper enterprises. This has likely been why he has been trying to solicit new customers. I just hope that it is not too late.
We will have to see what happens. Mr. Mellon might look to forgo paying himself dividends, so that the money can be spent improving the plant. This could entice new customers. The other option is to sell out. There can't be that much more land to sell, so it could come to a point where he feels that he has gotten everything out of his investment.