Buffet Buys More BNSF Shares

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CShaveRR

Member since
June 2001
From: Lombard (west of Chicago), Illinois
13,681 posts

Posted by CShaveRR on Tuesday, August 28, 2007 10:19 AM

No, Ed. He's interested in money, and has recently discovered that railroading is a good way to earn it. He's bought lesser amounts of UP and NS as well. But BNSF is the one he keeps going back to.

Carl

Railroader Emeritus (practiced railroading for 46 years--and in 2010 I finally got it right!)

CAACSCOCOM--I don't want to behave improperly, so I just won't behave at all. (SM)

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MP173

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

Posted by MP173 on Tuesday, August 28, 2007 9:45 AM

I would say he is definately interested in railroading.

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Limitedclear

Member since
June 2006
1,432 posts

Buffet Buys More BNSF Shares

Posted by Limitedclear on Tuesday, August 28, 2007 9:25 AM

http://www.utu.org/worksite/detail_news.cfm?ArticleID=37518

WASHINGTON -- Billionaire investor Warren Buffett's Berkshire Hathaway Inc. has boosted its stake in Burlington Northern Santa Fe Corp., the second-largest U.S. railroad, by 24 percent, according to this report published by The Chicago Tribune.

Berkshire bought 10.1 million more shares of the Ft. Worth-based railroad, in which it was already the biggest shareholder, from Thursday through Monday, the Omaha-based company said in a regulatory filing.

The most recent investments, valued at more than $806 million, increase Berkshire's stake in the railroad company to 14.8 percent.