![Shocked :shock:](./images/smilies/icon_eek.gif)
Now P8's may be good, but I'm not sure they can compete on a cost/benefit basis with free Connies. I'm not sure anything can. Free Connies has to totally rock.
![Mr. Green :mrgreen:](./images/smilies/icon_mrgreen.gif)
free Connies!!!
![YeHaa ::!**!](./images/smilies/brain_yahoo.gif)
![cheers (0!!0)](./images/smilies/cheers.gif)
![clap !**yaaa](./images/smilies/bravo.gif)
That means that just before the end of 1912 (last available year for Connies) you can replace all of them, all at once, for free, with brand new ones for maximum reliability and minimum maintenance costs. They should then be totally fine for the last few years of the game.
![thumbs_up !*th_up*!](./images/smilies/ok.gif)
I'm kicking myself for not thinking of this before. It's gotta be the ultimate dodge for economical locomotives.
![roll_laugh ^**lylgh](./images/smilies/lachliegen.gif)
Anyway, I had another brainwave too. This business of taking over AI companies, regardless of when you grab them and regardless of whether you use my merger method or not, still means flat-spotting your own company's growth to some extent while saving money for the buyouts. Ok, so here's a cunning plan.
1/ Start with the cheap furnace in Santiago. You can buy this without a bond. The furnace will make lotsa dosh in the first year, thereby pumping your company's stock price. At year's end stock price will be high, so pause game, take out as many bonds as possible, sell furnace, and buy back stock to pump the price even higher until there are none left apart from what you own. Now flog stock off, resign chair, short sell stock, switch game to slow for a second. You are now rolling in dough and purchasing power at the end of 1891. Your old company is now crippled and worth next to nothing.
2/ Buy into the southern company (Valdivia>Osorto>Peurto Montt) at the start of 1892. Take that over. Take out bonds. Sell all trains. Bulldoze breaks in track between all three stations. Buy back stock until you can buy back no more. Obviously, now you sell all stock, resign chair, short sell stock and unpause game briefly. Before long you'll be rolling in even more dosh and purchasing power. Southern company is now kaput too.
2/ Buy into the Santiago company before it has the chance to do anything stupid. You should be able to grab a majority of its stock in a year or so (watch out for overextending/margin calls at first). Take over the Santiago company sometime in 1892. Immediately grab bonds to the limits of its credit rating. Use those to buy the ungraded furnace at the Chickytomato mines. This will be just starting to make really good money, but will still be cheap to buy. Now set up the usual short runs with two or three stations and get those crystals moving. As soon as you can, also buy the three quarries before their price skyrockets (along with their profits). Run this lot for another year (1893).
3/ By the end of 1893, the stock price for your new Santiago company should be going through the roof. Take out bonds and extend your mines railway down to the coast. Get 6 or more trains running on said line. Pump your company and its stock price even more. Your purchasing power is now getting ridiculous, and there is only one uncrippled company left.
4/ Buy into the Argentinian company as fast as you can (at whatever rate you think is prudent). Pause game. Take that sucker over. It should have a great credit rating. Use that to take out as many bonds as possible. Oh goody, lotsa cash. Use that cash to double track your rail from the mines to Antofagasta so your lucrative trains run faster. Also double track your short Santiago line. Now do the usual stock buybacks and other dastardly deeds until the Argentinian company is well and truly screwed. Resume the chair of your Santiago company and buy all loose stock for yourself.
You are now in a solid position. The original chairman will still be holding his stock (around 25% of the total) but this doesn't matter. You hold the other 75%, and your position is so good that there will never be any need to incur any personal debt, which in turn means there is never any need for your company to waste money on high dividends. Dividends can safely be set to 0, or at whatever level you happen to prefer.
The crippled AI companies can all be had for a pittance any time you want them, and in the meantime will not be in a position to expand or to take any economic gains away from you. At the moment I'm not sure if I should bother buying the other companies. I easily could, but they all have some level of debt and the result of merging them all would be to drop my company's CBV by roughly $2 million. That's a bit much this early in the game.
Two options. First one is to obviously wait until the $2 million CBV drop doesn't matter much. A better option, which I am liking the sound of, is to not bother merging them. They are so crippled, and can easily be kept that way any time I like, that it is inevitable that they will be liquidated at some point. Once they are liquidated the scenario will write them off as non-existent, thereby making my company the only one left (Gold condition) without it costing me anything.
The only exception here might be the Argentinian company. That still has a trivial book value of $411k for its substantial track and stations, despite the large debt it is holding. I can manage the added debt (interest rate is quite reasonable) and the ready made network would be quite handy. It would also mean instant access to Argentina for around $500k down payment, although the necessary interest payments on the debt would ultimately mean it would cost more. If I wait for it to be liquidated I may lose the automatic rights to Argentina, but OTOH there is plenty to do on the coast for now and the lack of extra debt may be better. Not sure at the moment. May try playing it both ways.