What is Buffett Seeing in Railway Companies?
May 24th, 2007 by Martin Lee
Recently, I wrote that Berkshire was purchasing shares in Burlington Northern Santa Fe Corp.
Apparently, Warren Buffett seems to be having a liking for railway companies now.
Last week, Berkshire Hathaway Inc. said it had acquired stakes in Norfolk Southern Corp. and Union Pacific Corp.
As of Dec 31 2006, Berkshire owned 3.95 million shares of Norfolk Southern valued at $198.9 million, and 8.21 million shares of Union Pacific valued at $755.6 million, according to a filing with the U.S. Securities and Exchange Commission.
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