RE:FerndaleOn BNN at about 9:15 this morning on The Open, the moderator reported that one analyst (Credit Suisse I think but mot sure) analyzed the market impact of the floods and ALA is one of the companies affected. May be why the stock dropped ay open.
marketsense wrote: Still not sure. There is a washout of one rail line in Sumas Washington where all
the flooding is. Don't know if that is affecting ALA's rail shipments. Will call
ALA HQt's in Vancouver tomorrow. Need to get some answers regarding Ferndale.
At this point I'm not going to assume anything. That Washington state rail line
washout just happened today..... I saw the photos. It doesn't look major IMO
and I don't even know if ALA uses it so........a few things to be clarified before I
can say everything is ok.