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Post Info TOPIC: BNSF Is a Cash Machine


The Forum Celestial Advisor

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BNSF Is a Cash Machine
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Drain Odors has this thread going and the most

interesting part of it is the opening part.


Date: 11/17/14 09:55
BNSF Is a Cash Machine
Author: GenePoon



 

Buffett Said He Paid a Lot. $15 Billion Later, BNSF Is a Cash Machine.
Business Week
by Noah Buhayar
November 10, 2014

> Days after Warren Buffett announced his $26.5 billion buyout of
> railroad BNSF, he insisted that hed paid a steep price to own a
> business that would benefit his company, Berkshire Hathaway Inc.
> over the next century.
>
> You dont get bargains on things like that, he said in a November
> 2009 interview with Charlie Rose that aired on PBS. Its not
> cheap.
>
> Five years later, that assessment rings a bit hollow. Buoyed by an
> onshore oil boom, BNSF has become a cash machine for Buffett. The
> railroad had sent more than $15 billion in dividends to Berkshire
> through Sept. 30, according to quarterly regulatory filings, the
> latest of which was released last week. More stunning: The business
> is on pace to return all the cash Buffett spent taking it private by
> the end of this year.
>
> Annual revenue at the railroad has risen 57 percent, and earnings
> more than doubled to $3.8 billion since Buffett bought it. Sales have
> climbed even as BNSF faced increased public scrutiny over service
> delays and safety.
>
> He stole it, said Jeff Matthews, a Berkshire shareholder and author
> of books about the company. Hes got to feel really good that he
> bought it when he did, because its a wonderful asset, and its done
> nothing but get more valuable in the time that hes owned it.

read more here:


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If you are in a horror movie, you make bad decisions, its what you do.

wes


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About 11 years ago I bought BNSF stock for maybe $25 per share.  Whenever the buyout was we received three times that much and a bit more.  Go Warren--hope you get very rich.

I wonder if he plans to buy Norfolk Southern........................wesbiggrin  



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Force Majeure

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Snippy almost tripled his money on the Conrail stock that he bought after LAMCO discontinued the ESOP that Snippy had from way back in early Green Team days. Snippy got mad and sold LAMCO for over triple the average price he paid through the ESOP. Snippy bought Conrail stock with it. Then, stupid LAMCO overpaid Snippy for Conrail and cashed him out for another over doubling of the money.

Snippy still has some of that musty old money to spend starting next year.



-- Edited by Snippy on Tuesday 18th of November 2014 03:09:07 PM

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Tinhorn Dictator



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Snippy, hoarding moldy money in a warehouse somewhere and yet, hoping that he who shall not be named, will turn loose of more to send his way.

 

Stacks-of-money-pictures-3.jpg

 



-- Edited by Cy Valley on Tuesday 18th of November 2014 06:19:06 PM

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