So, how are Railpower's Green Goat Sales Doing anyway?

Railpower stock bounced up a week or two back, but now it is right back in the mid 20's (cents, that is). Their financial results should be out around November 2, that should be very interesting.

MX

I see the stock has been sliding back downhill about a cent a day in advance of the third quarter financials. I wonder if there is some anxiety among the stockholders right now.

MX

Now almost six weeks after the close of the third quarter and a check of the website this morning showed that Railpower still has not posted their financial results. Their stock price has been slowly declining.

MX

They filed third quarter results today!

http://railpower.com/dl/news/news_2007_11_13_e.pdf

Highlights:

Reported loss for first nine months of 2007: 54.6 million (Cdn).

They indicate that is a loss of 65 cents (Cdn) per share.

Stock closed today at 38 cents (Cdn) a share.

Working capital on September 30: They reported negative 5.0 million (Cdn)

In the middle of this the Ontario Teachers Pension Plan was announced as a $35 million (Cdn) new investor.

MX

It's something; there was a time when I suggested to a friend that this stock was the way to go...and it did have a nice period of growth. Not anymore.

I have seen all of the Canadian money. Is this company Canadian enough for a government bailout?

Dave Becker

They must have some friends somewhere who like them and are helping to keep them going, to have large losses and a minus $5 million working capital and still be able to attract a $35 million investment from a teachers pension plan. Maybe somebody with a lot of experience in finance can put the report into "American" english for us?

Today the stock was all the way back down to 26 cents (cdn) a share.

MX

The shareholders overwhelmingly approved the $35M that the Ontario Teachers Retirement Fund is investing.

Full article at: http://biz.yahoo.com/cnw/071218/e_railp ... .html?.v=1

Union Pacific is having two six axle (SD40-2 based) green goats built at Canada Allied Diesel in Lachine, Quebec. These RP20CD units will be UPY 896 & 897, built from ex-NREX, exx UP 4298 (896) and ex-UPB 4265 (UPY 897).
Three pictures are posted about halfway down the page here: http://www.canadianrailwayobservations. ... /index.htm

Todays stock price is $0.45, by the way.

Stock price back down in the 30s now. Anyone heard of any new orders at Railpower?

Railpower released their final 2007 financial results. Lists losses of $69.6 million in 2007 compared with loss of $41.5 million in 2006:

http://railpower.com/dl/news/news_2008_03_25_e.pdf

MX

Latest results, first quarter 2008:

http://railpower.com/dl/news/news_2008_05_12_e.pdf

Both Railpower and Union Pacific are highlighting their commitments to lower emissions locomotives. A CNN video is posted on both sites showing Railpower genset locomotives operating in UP yards. The video shows the six axle gensets in operation.
http://www.cnn.com/video/#/video/tech/2 ... hought.cnn

Railpower is also proud to have sold 3 locomotives to Virginia Port Authority recently. Their stock price is currently $ 0.47.

Sounds like the "Green" Goat is turning "Blue"

I would rather have an Alco !!