Brightline, not so bright.

dewilson58 · #1 08-01-2025, 07:58 AM

Lost $60,000,000 this last quarter.

Bond Rating dropped to a "B".
This is considered a "highly speculative" rating with "material default risk".

Ouch.

Topspinmo · #2 08-01-2025, 08:18 AM

Rail transport IMO hasn’t turned profit since 60’s if then? Overhaul few pockets up NE that may break even, but I bet it’s heavily subsidized? IMO I would buy lottery ticket before stock in rail service. At least with lottery ticket I know my odds.

Rainger99 · #3 08-01-2025, 08:29 AM

Quote:

Originally Posted by dewilson58

Lost $60,000,000 this last quarter.

Bond Rating dropped to a "B".
This is considered a "highly speculative" rating with "material default risk".

Ouch.

The good news is that they lost about $549 million in 2024 ($137.25 million per quarter) so they aren't losing as much this year.

CoachKandSportsguy · #4 Yesterday, 07:07 PM

cash flow from ops? positive?

gorillarick · #5 Today, 06:48 AM

Wasn't this a govment subsidized boondoogle? Yes, one of those green things.

Starts at MCO and doesn't stop until West Palm Beach; but does plenty to screw-up traffic from Cocoa to Palm Beach.
Thanks for Xv@#*Z'ed.