Originally Posted by
PatTheSlat
Your bike is worth around $150. The frame builder in my area who lists repair prices on his website charges $95 to replace one rear dropout. Unless it has sentimental value to you, it's time for a new bike, or at least a new frame.
+1 There are frames worth repairing but this isn't one of them unless, as noted, it has tremendous sentimental value to you. That $95 quoted above probably doesn't cover repainting the heat damaged sections of the seat and chain stays either, assuming a paint match can even be found. Cut your losses and camp on Craigslist for a much newer, better replacement for not a lot more than the repair would cost.