Friday, September 7, 2007

Buffett And Lynch On Rails

As the market has headed downward over the past month or two, there's been speculation that the climate might be right for the great Warren Buffett to go on a bit of a buying spree.

After all, Buffett said earlier this year that his company Berkshire Hathaway is looking to make a $40 billion to $60 billion investment sometime soon, and the recent price drops could signal a chance for the investing world's greatest bargain-hunter to spring into action.

Buffett has been mum on whether he has something huge in the works, but one move Berkshire has made recently involved upping its stake in rail operator Burlington Northern Santa Fe. Berkshire bought 845,000 shares of the railroad last week, meaning it now owns about 15% of Burlington. And that's not the only railroad operator that Buffett has been bullish on. Earlier this year, Berkshire disclosed that it also has sizable investments in both Union Pacific and Norfolk Southern.

No comments:

Google