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| Re: Berkshire buying BN RR (852955) | |||
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Re: Berkshire buying BN RR |
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Posted by dinky on Thu Nov 5 18:23:19 2009, in response to Re: Berkshire buying BN RR, posted by Jersey Mike on Tue Nov 3 09:25:41 2009. Ugh fucking Warren Buffet. Some of us actually WANTED their BNSF stock, not stupid Berkshire Hathaway. BNSF always had one of the better annual reports. Not as good as the old ATSF annual reports tho. I'll bet he renames it or something stupid like that.Unlikely. Buffett is a longterm investor who looks for undervalued, well-managed companies. He then typically leaves the management team in place and doesn't meddle with silly things like the name of the company. Berkshire Hathaway is a true conglomerate in that respect. Overall, this is probably good news for BNSF, since it means they don't have to make decisions just to massage the next quarterly report, and they get better access to capital through Berkshire. I do find it odd, though, that Buffett bought BNSF and not UP, which has its headquarters in Omaha, his hometown. |
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