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.
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