Friday, December 12, 2008
Update! Buffett Again AddsTo Burlington Northern Santa Fe Railway
Once again Buffett is adding to his position in Burlington Northern Santa Fe (BNI), bringing his total stake in the company to nearly 20%. Buffett first announce this position back in the spring of 2007, if you remember he was saying he wanted to do a huge deal, could this be it? Since the market has taken a dive this year he has been on somewhat of a buying binge, with other purchases of Goldman Sachs(GS), General Electric(GE) in which he got preferred shares in both these companies. He has also announce plans to buy all of Constellation Energy(CEG) for $26.50 a share. Below is a direct link to Berkshire Hathaway's most recent buys of Burlington which were on 12/8 & 12/9.