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BNSF Under New Ownership

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  • Member since
    November 2006
  • 311 posts
Posted by Harley-Davidson on Wednesday, November 4, 2009 12:55 PM

And my wife claims me when I spent 200.- in a loco !!!!!!!!!!!!!!!!!!!!!

  • Member since
    December 2004
  • From: Bedford, MA, USA
  • 21,481 posts
Posted by MisterBeasley on Wednesday, November 4, 2009 11:58 AM

IVRW
What a bet! Obviously, he knows what industry will prosper. :)

A number of things argue in favor of this railroad.  Increasing fuel costs will make trains even more cost-competitive, particularly for long-haul shipping.  Greater awareness of pollution issues makes trains look "greener" than the competition.  Overall, the economy will continue to recover for the next few years, increasing demand for shipping services.  Finally, with so much manufacturing going to China, container traffic from West Coast ports to points east will have to rise.

Warren Buffet has a good "track" record over the years.  He's not some Wall Street type.  He's playing with his own money, and he's done very well with it.

It takes an iron man to play with a toy iron horse. 

  • Member since
    September 2008
  • From: Seattle, Washington
  • 1,082 posts
Posted by IVRW on Wednesday, November 4, 2009 11:28 AM
What a bet! Obviously, he knows what industry will prosper. :)

~G4

19 Years old, modeling the Cowlitz, Chehalis, and Cascade Railroad of Western Washington in 1927 in 6X6 feet.

  • Member since
    December 2002
  • 1,511 posts
Posted by pastorbob on Tuesday, November 3, 2009 8:36 AM

Darn, my wife spends enough at his Nebraska Furniture Mart here in Kansas City KS, now he will probably get tribute each time I buy a Santa Fe HO diesel or car.  Maybe he will open a giant hobby shop in the Nebraska store, I noticed they were doing some expanding.

Bob

Bob Miller http://www.atsfmodelrailroads.com/
  • Member since
    December 2004
  • From: Bedford, MA, USA
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Posted by MisterBeasley on Tuesday, November 3, 2009 8:29 AM

SSSSHHHHhhhhh!  It's supposed to be a secret.

He bought his grandchildren this big train set for Christmas, and they're not supposed to know.

It takes an iron man to play with a toy iron horse. 

Moderator
  • Member since
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  • From: London ON
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Posted by blownout cylinder on Tuesday, November 3, 2009 7:38 AM

This was kind of discussed for some time now---it was only a matter of how he was playing his cards

Any argument carried far enough will end up in Semantics--Hartz's law of rhetoric Emerald. Leemer and Southern The route of the Sceptre Express Barry

I just started my blog site...more stuff to come...

http://modeltrainswithmusic.blogspot.ca/

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    January 2007
  • From: Kentucky
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Posted by Heartland Division CB&Q on Tuesday, November 3, 2009 7:30 AM

I just heard .......... Looks like the price of my BNSF stock (BNI) just jumped up and I must sell or trade fro Berkshire Hathaway. I bought the stock for $27 a share about 7 years ago. Now it will be $100. I think if the economy would recoer it would be valued higher than $100.00 per share as it was in 2007.

GARRY

HEARTLAND DIVISION, CB&Q RR

EVERYWHERE LOST; WE HUSTLE OUR CABOOSE FOR YOU

  • Member since
    November 2001
  • From: US
  • 1,720 posts
BNSF Under New Ownership
Posted by MAbruce on Tuesday, November 3, 2009 7:15 AM

Well, Warren Buffet (Berkshire Hathaway Inc.) bought BNSF. 

Read the story HERE

I wonder if that will change any paint schemes?  Wink  

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