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IBDvalueinvestin (99.67)

Warren Buffet buying railroads again? Last time he did the sector rose

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January 22, 2009 – Comments (1)

to its highs in the summer. He also was buying them at this time of the year back then too.

Must be something to buying Railroads at the beginning of the year? Anyone can give me insights.

1 Comments – Post Your Own

#1) On January 22, 2009 at 9:57 AM, IBDvalueinvestin (99.67) wrote:

Warren Buffet bought $271 Million worth of railroad company BNI reported on 1/20/09 and today its peer UNP beats estimate guess we now know why he bought more BNI. The sector as a whole is at 52 wk lows but they are meeting and beating estimates as fuel prices to run trains is low now and adding to profits.

 

 http://www.secform4.com/insider-trading/315090.htm

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