In the recent market slide BNSF went from $92/share to about $82. Berkshire went into the market and bought an additional 1.6 million shares, bringing them to 11.5% of the company.
Yes, but BNSF shares were again on the rise yesterday, along with most other rail related stocks.
At least it’s Warren Buffett who’s buying into BNSF (among other railroads) and not some secretive hedge fund.
Hey! You got the cash, you like the company, share price is well off the highs-BUY!
Berkshire Hathaway has an enormous amount of cash in the drawer. It has been a couple of good years to be in the re-insurance business. Lets see how this hurricane season shapes up.
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