Dayton and Michigan Railway Company (CE) (DMRR) 뉴스

I bought 100 shares. Very thinly traded stock, I put my bid in, several days went by before the trade was executed. This is an excellent safe, high yielding investment in this low interest environment. As long as CSX is around, the dividend will be. I recommend it.

Interesting... I couldn't find anything about dividend payouts so I wasn't quite sure. Thanks for the help!

Looks the same situation

I checked the quotes and AWRY is tradable with 200 shares on the bid at $103.55 and three shares on the ask at $175.

It looks like they stopped reporting totally, so they are just a 'pass through' like DMRR.

I have no idea why the parent does not just do a buy out and merge them into the parent company. It seems like there are extra expenses maintaining the separate company and keeping track of the dividends and everything. The parent could just do a stock merger, make the subsidiary part of them and the shareholders just get shares in the parent. Everyone would be happy and things simpler to keep track of.

Louis J. Desy Jr.

Louis, do you know if AWRY works the same way? It seems to be structured differently but was also bought out by CSX so I'm not quite sure... Thanks for any insight.

OK, thanks. It looked like it could have been an interesting one, but what you say makes sense.

Thanks again for all your help.

Karen

1996 latest report

https://www.otcmarkets.com/stock/DMRR/profile

I think I ran across other information elsewhere but would NOT recommend buying any shares.

Basically, the company only exists as a 'pass through' for CSX and has no other operations:

NOTE 2. LEASE AGREEMENT

The company has no operations. Its property is leased in perpetuity to CSX Transportation, Inc. (CSXT) and is maintained and operated by, for
and in the name of CSXT. As rent, CSXT pays the company's income taxes, administrative expenses, and guaranteed dividends on the
company's 3-1/2% common and 8% preferred stock on shares held by other than CSXT. Interest income is earned on amounts due from CSXT
based on returns earned by CSX Corporation, parent company of CSXT, on its short-term investment portfolio.

The problem with buying shares is that it is not much better than comparative investments as rate as the rate BUT you run the risk that if anything ever happens to CSX the dividend will be in danger.

Louis J. Desy Jr.

Hi Louis Desy,

Do you have the company financials/shareholder disclosures? We're interested in investing with the company but can't seem to find any information online, any contact information, etc. for the company. Any help you can provide us to track information down would be appreciated.

Karen

Seems would be better to get bought out

It looks like it would be better to just get bought out, since shareholders run the risk that someday there are problems with CSX paying the required amounts.

Louis J. Desy Jr.

Anyone here?

Interesting company. I do wonder if CSX will ever buy them out or just keep making the payments.

The only risk I see is that something happens to CSX someday and they are not able to make the payments.

Louis J. Desy Jr.