Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: E_K_S who wrote (41504)	2/26/2011 2:27:09 PM
From: E_K_S	Read Replies (1) of 78670

Berkshire Profit Rises 43% to $4.38 Billion on Railroad (2) noir.bloomberg.com From the article:"...“The highlight of 2010 was our acquisition of Burlington Northern Santa Fe, a purchase that’s working out even better than I expected,” Buffett said in his letter to shareholders today. He said he’s looking for more “major acquisitions.” Book value, a measure of assets minus liabilities, rose in the last three months of 2010 to $157.3 billion from $149.7 billion on Sept. 30 as earnings and stock advances boosted capital. The railroad contributed $1.03 billion in net earnings in the fourth quarter. Burlington had net income of $536 million in the fourth quarter of 2009 as an independent company...." <clip> "...Tank Cars, Trucking Earnings at Marmon rose to $192 million from $160 million. The business has operations including the manufacture of railroad tank cars and wire and cable products. Berkshire purchased a majority stake in the company from the Pritzker family in 2008 and plans to pay about $1.5 billion this quarter for another 16.6 percent of the company....". ----------------------------------------------------------------------------- An interesting take away for me is that privately held Berkshire Company The Marmon Group (they manufacture and lease Rail Tank Cars - marmon.com ) had a 20% increase in their earnings in 2010. Buffet continues to buy the remaining privately held interests in this company as it becomes available. Buffet must see tremendous value in these pieces of his rail empire as he continues to spend billions on more of its components. EKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next