Brightline, not so bright. Brightline, not so bright. - Talk of The Villages Florida

Brightline, not so bright.

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  #1  
Old 08-01-2025, 07:58 AM
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dewilson58 dewilson58 is online now
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Default Brightline, not so bright.

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.
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Old 08-01-2025, 08:18 AM
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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.
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Old 08-01-2025, 08:29 AM
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Quote:
Originally Posted by dewilson58 View Post
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.
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Old Yesterday, 07:07 PM
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cash flow from ops? positive?
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Old Today, 06:48 AM
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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.
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Old Today, 06:58 AM
Bill14564 Bill14564 is online now
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Quote:
Originally Posted by gorillarick View Post
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.
Not government subsidized. Jury is still out on whether it is a boondoggle.
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