Fortress' Other Poo Problem

| About: Fortress Investment (FIG)
Fortress Investment Group (NYSE:FIG) is intimately acquainted with the figurative poo generated by credit market excesses, which may or may not be fully priced into the 95 per cent poopage in its stock price from the top tick recorded on its Feb. 2007 IPO. Now, a subsidiary of RailAmerica (RRA), Fortress’s short-line railroad operation, is having its own literal poo issues.

BAKERSFIELD, Calif. - A California short line shut down last week owing to an unusual problem: Three feet of cow manure had drifted across its main line. Wind gusts of 40 to 60 mph blew the excrement from an adjacent dairy farm across the San Joaquin Valley Railroad’s main line to a depth of three feet.

It was “like a snowdrift, but it was cow manure,” SJV assistant general manager Patrick Kerr told TRAINS News Wire. “In all my years of railroading, I’ve had snowdrifts, I’ve had sand drifts, I’ve had rockslides, but I’ve never had a line shut down by poo.”

While the idea of Wes Edens having to grab a shovel holds a certain appeal, not so much.

Kerr said the manure was dry, so it didn't smell as bad as one might imagine. The owner of the dairy farm, who had the proper equipment for removing the drift, helped clean it up.

Maybe they should get someone with the proper equipment to help clean up that other somewhat stickier manure pile.

Trains News Wire Feb. 23 2009

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