Buffett Goes Off the Rails

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Warren Buffett is investing in railroads:

Warren Buffett’s company recently invested in three railroads, and in the process, Berkshire Hathaway Inc. became the largest shareholder in the Burlington Northern Santa Fe Corp., according to a company filing and a media report that the company confirmed.
The disclosure sent Burlington Northern shares up more than 7 percent in midday trading Monday.
Omaha-based Berkshire Hathaway revealed in a filing with the Securities and Exchange Commission that it owned 39 million shares of Burlington Northern as of last Thursday. The cable network CNBC reported Buffett said Berkshire had also invested in two other railroads that he declined to name.

Posted by on April 9th, 2007 at 12:45 pm


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