It’s not for me to tell you what Warren Buffett must see ahead for transportation, energy and economic activity, you must draw your own inferences. What I will say is that this is Berkshire Hathaway‘s largest-ever purchase so you may want to come up with some kind of thesis to encompass it.
From MarketWatch:
NEW YORK (MarketWatch) — Warren Buffett’s Berkshire Hathaway on Tuesday said it is paying $100 a share to acquire railroad firm Burlington Northern Santa Fe. It will also take on $10 billion of Burlington Northern debt, valuing the total deal at $44 billion. Berkshire said the deal is its biggest acquisition ever. “Our country’s future prosperity depends on its having an efficient and well-maintained rail system,” Warren Buffett said in a press release. “Conversely, America must grow and prosper for railroads to do well. He added, “Most important of all, however, it’s an all-in wager on the economic future of the United States. I love these bets.”
Source:
Why: Warren finally gets the train set he REALLY wanted for Christmas . . .
Why: Warren finally gets the train set he REALLY wanted for Christmas . . .
This might be an historical event in American business. If this deal goes through, it might be the first totally private ownership of a major American Railroad in the history of this country
This might be an historical event in American business. If this deal goes through, it might be the first totally private ownership of a major American Railroad in the history of this country
Rail transport, especially electrified rail, is much more efficient, and less damaging to the environment, than transportation by car or truck. It can help to dramatically reduce energy use and carbon emission. Even better, it’s a win/win scenario for the economy, the environment and the fight against global warming.
http://www.selfdestructivebastards.com/2009/11/case-for-rail.html
Rail transport, especially electrified rail, is much more efficient, and less damaging to the environment, than transportation by car or truck. It can help to dramatically reduce energy use and carbon emission. Even better, it’s a win/win scenario for the economy, the environment and the fight against global warming.
http://www.selfdestructivebastards.com/2009/11/case-for-rail.html
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