Friday, January 25, 2008

Burlington Northern

http://www.cnbc.com/id/22831234

I have not touched BNI on my blog because there are many blogs who are following this story but I thought this article (really the table within the article) was interesting enough I decided to put it on here. For full disclosure I do not own BNI, though I came very close to buying it around $78 last week. Buffett now owns 18% of the company. It is his biggest purchase in dollar value ever in one year in one company on the NYSE. He has been buying it by the bucket loads.

The replacement value (what it would cost if you rebuilt the rail lines from scractch today) has been estimated north of $70 billion dollars.

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