Buffet is at it again

601 views

4 replies

Dakguy201

Member since
August 2006
From: South Dakota
1,592 posts

Buffet is at it again

Posted by Dakguy201 on Thursday, August 9, 2007 8:04 AM

In the recent market slide BNSF went from $92/share to about $82. Berkshire went into the market and bought an additional 1.6 million shares, bringing them to 11.5% of the company.

eolafan

Member since
December 2001
From: Aurora, IL
4,515 posts

Posted by eolafan on Thursday, August 9, 2007 8:24 AM

Yes, but BNSF shares were again on the rise yesterday, along with most other rail related stocks.

Eolafan (a.k.a. Jim)

CSSHEGEWISCH

Member since
March 2016
From: Burbank IL (near Clearing)
13,540 posts

Posted by CSSHEGEWISCH on Thursday, August 9, 2007 8:43 AM

At least it's Warren Buffett who's buying into BNSF (among other railroads) and not some secretive hedge fund.

The daily commute is part of everyday life but I get two rides a day out of it. Paul

jeaton

Member since
September 2002
From: Rockton, IL
4,821 posts

Posted by jeaton on Thursday, August 9, 2007 9:14 AM

Hey! You got the cash, you like the company, share price is well off the highs-BUY!

"We have met the enemy and he is us." Pogo Possum "We have met the anemone... and he is Russ." Bucky Katt "Prediction is very difficult, especially if it's about the future." Niels Bohr, Nobel laureate in physics

MP173

Member since
May 2004
From: Valparaiso, In
5,921 posts

Posted by MP173 on Thursday, August 9, 2007 12:55 PM

Berkshire Hathaway has an enormous amount of cash in the drawer. It has been a couple of good years to be in the re-insurance business. Lets see how this hurricane season shapes up.

MAGAZINE
NEWS
RAILROADS

BLOGS & FORUMS
PHOTOS & VIDEOS
LOCOMOTIVES

SHOP

CONNECT WITH US

Join our Community!

Search the Community

Newsletter Sign-Up