Well now that Berkshire Hathaway owns BNSF; will BNI no longer be trade on the New York Stock Exchange and not be publicly traded?
I suppose it could stay on NYSE. Unfortunately, since there are no shares being bought or sold, there certainly wouldn’t be much action. Or, it could now be considered privately held, so there’s no reason to even be listed on NYSE.
One of our financial wizards will have to address this one.
It will be delisted from the NYSE as no shares will be available to trade. In addition, it will be removed from the indexes that contain it – for example it is roughly 5% of the Dow Transportation Index.
(edited to add) I started wondering if the acquisition would in effect make Berkshire a transportation company. For the last full year available, Berkshire’s consolidated revenue was $107 billion on which they netted $4.9 billion. That was a very disappointing year for them. BNSF’s revenue was $14 billion and their profit $4.9 billion. My conclusion is that the railroad will be an important component of Berkshire but a long way from the dominant one.
Dunno. As a BNSF shareholder (NYSE: BNI) I assume it will be removed, replaced by Berkshire Hathaway Class ‘B’ shares (NYSE: BRK/B). We should know Monday. I opted for all ‘BRK/B’ shares, ILO any cash. Don’t know what I got, yet. Sure don’t want to pay any capital gains taxes to the current politicos! Guess we’ll soon find out… I’ll inform the Forum when the first “gekko-faced, Coke-can” Dash 9-44CW comes thru town!
Hays
Berkshire Hathaway is considered a financial company, mainly insurance.
Reality is that it is so much more than insurance. Besides holding large quantities of stock in Coca Cola, American Express, Proctor Gamble and many others, it owns Dairy Queen, Kirby (vaccuum cleaners), XTRA Lease (large trailer leasing company), candy, jewelry, furniture, and much more.
ed
B-H is an investment company with a very savvy, intellegent owner and manager. It doesn’t invest for greed but for growth, more like an industrialist than an opportunist.
The stock goes away and becomes converted to Berkshire Hathaway class “B” stock.
I am extremely pleased that the BNI moniker finally goes away. Down the road, hopefully the new stock symbol re-emerges as BNSF or something totally different. Borg Nation is gone as is BN and this leftover from pre-merger days.
Just saw BNI on there.
So if you want to invest in BNSF, then you are going to have to buy Berkshire shares?
Pretty much. The shares you would be getting would be class B and you would be investing in Berkshire Hathaway as such. That and only that. What you would be looking for in that case is Berkshire’s overall performance…
52 wk range PErantio Fr close
Traded friday BNI 100.25 - 50.86 20 100.21
Berk Hath 'A" 116910 - 70050 36 114000
Berk Hath “B” 78 - N/A N/A 76.90
So if you had boght BNSF at the $50.86 price Warren buffet would have almost doubled your investment by Friday.
As mentioned above, in addition to being dropped from the Big Board, it is being removed from the indices. I read where this has given the STB some cause for excitement. STB has used the publicly available information to help it determine the railroads’ costs so that it can come up with its annual cost of capital calculation (helps determine rates and an adequate rate of return). Now that BNSF is gone, they are scrambling to get information that Berkshire is under no legal obligation to reveal (its subs are not required to report financials individually)! Now if Bill Gates were to buy the UP…