Unless you’ve been asleep since Novembr 2, you know that on November 3 Warren Buffett offered to buy railroad Burlington Northern (BNI), a member of the Jubak Picks 50 portfolio, for $100 a share in cash and Berkshire Hathaway stock. I don’t anticipate that a rival offer will emerge: This is a friendly deal and Buffett already owns 22.6% of the railroad.
IÂ will replace this stock in the Jubak Picks 50 portfolio in December when I do my annual update of that list.
Most likely candidates? Â
At this point, the two transcontinental Canadian railroads, Canadian Pacific (CP) and Canadian National Railway (CNI).
How about Pittsburgh & West Virginia Railroad (PW) as another Railroad option. Great Div.
hi jim
do you have an opinion on KSU
kansas city southern nickname
the nafta rail road?
Hmmm, seems pretty straight forward. He’s keeping you updated, believes that BNI is overvalued, is indicating in advance what his intentions are (replace an overvalued asset with one that has a more resonable valuation), and lastly see’s the rails has having tremendous barriers to entry with opportunity ahead.
In summary, “duh.”
“All aboard!”
And the point is?