In fact, he bought an entire railroad company right after the economic collapse of 2008.
Warren Buffett’s company Berkshire Hathaway purchased 77.4% of BNSF shares for $100 each on November 2, 2009. Berkshire Hathaway already owned 22.6% of the company, so the acquisition gave it total ownership of BNSF.
In the first quarter, BNSF, now a privately owned company, made some serious bank.
Operating income for the first quarter of 2021 was $1.9 billion, an increase of $66 million or 4% compared to the same period in 2020. Operating ratio was 63.7% for the first quarter, an improvement of 1.5% compared to the same period in 2020.
I actually forgot about that, but wasn't Buffet behind a lot of the Keystone Pipeline opposition because it bypasses one of the rail lines he owns?
Yes, he is greatly opposed to Keystone because it will take money away from his rail lines.
In fact, he bought an entire railroad company right after the economic collapse of 2008.
Warren Buffett’s company Berkshire Hathaway purchased 77.4% of BNSF shares for $100 each on November 2, 2009. Berkshire Hathaway already owned 22.6% of the company, so the acquisition gave it total ownership of BNSF.
https://financhill.com/blog/investing/which-railroad-does-warren-buffett-own
In the first quarter, BNSF, now a privately owned company, made some serious bank.
Operating income for the first quarter of 2021 was $1.9 billion, an increase of $66 million or 4% compared to the same period in 2020. Operating ratio was 63.7% for the first quarter, an improvement of 1.5% compared to the same period in 2020.
https://www.bnsf.com/about-bnsf/financial-information/pdf/performance-update-1q-2021.pdf
Smart enough not to buy csx