Wednesday, January 21, 2009

Billionaires Buffett & Gates Up Stakes In RailRoad & Waste

Again the Oracle of Omaha, Warren Buffet bought Burlington Northern Santa Fe Corp. (BNI) bringing his total share count to over 74 million and giving him the largest stake with 22% of company . Prices ranged between $61.65-$$63.43.While fellow billionaire buddy Bill Gate's Cascade Investments ups its stake in Republic Services (RSG) bringing the total to over 39 million shares and 10 1/2% ownership. Prices ranged between $22.97-$25.43. Cascade Investments which is gate's Investment arm also has large stake in Canadian National Railway Company (CNI).

Author is currently long BNI

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