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brokemoto
USA
2472 Posts |
 Posted - 11/03/2009 : 08:41:00
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Warren Buffet is buying the vomit comet for one hundred bananas a share. He already holds twenty two per cent and is buying the outstanding seventy eight per cent. The BNSF B-O-R-E-D of Directors has supposedly approved the deal.
I wonder how this changes the North American rail servicce picture.
Thank you for your consideration and support. |
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lock4244
Liechtenstein
1383 Posts |
Posted - 11/03/2009 : 09:00:17
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| I bet BNSF will not be buying anymore GEVO's if this goes through. |
Mike LockWood (MLW)
Atlas, Please Release a CN GP40-2L(W) in N! To do one in HO and not N is beyond cruel torture.
My Railroad Photography
http://tinyurl.com/62uk24 |
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rails4raj
31 Posts |
Posted - 11/03/2009 : 09:19:13
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| They will be selling Geico insurance policies by rail now, along with a small box of See's Candies with every policy sold![:-bouncy] |
Rick Jackomis |
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ljudice
USA
2500 Posts |
Posted - 11/03/2009 : 09:28:44
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Great news and a real boost for the rail sector...
Buffet is well known for leaving management teams alone, so I suspect he'll let Rose and company order whatever they need to get the job done...
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Supermoto98
144 Posts |
Posted - 11/03/2009 : 09:31:55
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| I think this is very positive news for BNSF |
Matt |
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JEReising
USA
301 Posts |
Posted - 11/03/2009 : 09:51:39
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If the press would only quit calling it Burlington Northern! Everyone knows it's the Big New Santa Fe.
Maybe Buffet is a railfan - if so, what are the odds the warbonnet will return! |
Jim Reising
Visit The Oakville Sub at:
http://theoakvillesub.freehosting.net/ |
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pg5
USA
19 Posts |
Posted - 11/03/2009 : 10:05:42
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| And a Dairy Queen will be built next to every major yard. |
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brokemoto
USA
2472 Posts |
Posted - 11/03/2009 : 10:38:15
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quote:
Originally posted by JEReising
Everyone knows it's the Big New Santa Fe.
No, it is:
Better
Not
Send
Freight
Thank you for your consideration and support. |
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Brakie
USA
5245 Posts |
Posted - 11/03/2009 : 11:11:14
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No! Everybody knows BNSF means:
Buy
Norfolk
Southern
First.
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Atlas,Please do a N Scale SW1500.
Larry
Columbus & Hocking Valley Ry.
Serving The Industries Of The Hocking Valley. |
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johned53
894 Posts |
Posted - 11/03/2009 : 11:15:04
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If he goes "back to" Warbonnets...............it'll be worth it.
Pumpkins were bad enough, but the "Nike" thing?????????? |
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asarge
USA
3701 Posts |
Posted - 11/03/2009 : 11:18:23
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Common Carrier purchase by priveter equity is not a good thing.
BUT
In this case Warren Buffet has a habit of buying companies that perform and have good management. They rarely make changes preferring to let companies do what they do best.
This may be the most bullish statement made on the future of railroading in a long time. |
An AS616 would be appreciated. |
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rschaffter
USA
2093 Posts |
Posted - 11/03/2009 : 11:45:42
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That's over a 30% premium.
What I don't get is how he's going to move it to China... |
Cheers,
Rod Schaffter
--
C'mon in! Sit a spell...
http://z11.invisionfree.com/N_Scale_Talk/
On your Layout, do what you think is fun. If it doesn't work, fix it and learn from the experience so you will have fun next time. It's your Railroad. |
Edited by - rschaffter on 11/03/2009 11:47:42 |
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GOLDENSPIKE
USA
1109 Posts |
Posted - 11/03/2009 : 11:55:37
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| Will they only hire engineers that look like cavemen and geckos ? |
Ron S.
"How many model trains is enough ??...a few more."
(a take on a J.D. Rockafeller quote.)
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GOLDENSPIKE
USA
1109 Posts |
Posted - 11/03/2009 : 11:58:23
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| Drat!! I just bought more CSX stock last month..why dont Warren buy CSX[:-banghead] |
Ron S.
"How many model trains is enough ??...a few more."
(a take on a J.D. Rockafeller quote.)
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Sharkman
USA
1791 Posts |
Posted - 11/03/2009 : 12:31:34
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| Payday for me! I'll take Warren's money..... |
Our Future is what We Make It!!!!!
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jdspoon
85 Posts |
Posted - 11/03/2009 : 12:42:50
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quote:
Originally posted by GOLDENSPIKE
Drat!! I just bought more CSX stock last month..why dont Warren buy CSX[:-banghead]
CSX ain't got no geld and they're just a might shy on black ink--they do, however have one of the slickest advertising campaigns going; hang onto your stock because the next round of railroad mergers--the one that finally eliminates the Chicago Gateway--is going to put CSX under Armour Yellow. |
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Topic |
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Berkshire Hathaway to buy BNSF
