Business Services Industry
Buffett buys Burlington near highs.
Australasian Business Intelligence, April, 2007
Apr 09, 2007 (The Australian Financial Review - ABIX via COMTEX) -- US investor, Warren Buffett, has varied his strategy by buying a stake in a railroad company. His company, Berkshire Hathaway, has acquired a 10.9 per cent stake in Burlington Northern Santa Fe, making it the largest shareholder. US rail stocks are close to record high prices and Berkshire paid between $US81.18 ($A99.50) and $US81.80 per share for some of its stake. Buffett does not usually invest in industries where operating margins and valuations are at their peak. However, he is a long-term investor and the railroad offers good value.
Publication Date: 10 April 2007
BERKSHIRE HATHAWAY INCORPORATED
BURLINGTON NORTHERN SANTE FE CORPORATION
UNITED STATES. SECURITIES AND...
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