Warren Buffet is Buying

Warren the richest man on the earth,agreed to buy Burlington Northern RR.BerkshireHathaway Inc. already owns 22 percent of Burlington Northern railroad.The agreement would buy 31.5 percent of Burlington for 34 billion dollars.                       The deal must clear  both boards and gov”t  antitrust. For the shareholders,they would get 100 dollar share price.It would be cash or cash / stock split .    Why does Warren want to a railroad,with Burlington sales down by 30 percent .With the consumers not buying ,the products are not moving.When things are going good ,products will be moving again.The 30 percent lost will be gone.That will be better stock price and sales will be strong. Coal is the biggest moving product (lumber,chemicals ) over 20 percent each. Burlington moves product from Chicago to west coast.   Berkshire owns allot of utilities Thur their MidAmerican Energy holdings company.They are getting at the right time.