A review of Berkshire Hathaway's twelve years of ownership ...
Four years have passed since Berkshire Hathaway announced that it would acquire Burlington Northern Santa Fe in a cash and stock transaction. This article looks back at the transaction and attempts to determine whether it was a good deal for ...
Warren Buffett is not a proponent of using the concept of "synergies" to justify acquisitions and generally encourages Berkshire Hathaway subsidiaries to operate independently. Business unit managers, or "all stars" as Mr. Buffett referred to them in his biennial letter ...
As we discussed last week in our coverage of Berkshire Hathaway's second quarter results, the company's newly acquired railroad subsidiary posted improved results for the quarter. Burlington Northern Santa Fe posted net earnings of $603 million on revenues of $4,094 ...
Berkshire Hathaway posted sharply higher operating profits for the second quarter of 2010 thanks to strength in the insurance operations and major improvements in the company's diverse collection of economically sensitive subsidiaries. However, quarterly net earnings declined to $1.97 billion ...
There is little doubt that Amtrak's Acela represents a very attractive way to travel between Washington D.C. and New York City. Leaving Washington D.C. a very short distance from the United States Capitol, one can arrive at Penn Station in ...
Over the past several months, many Berkshire Hathaway shareholders have been thinking about the company's strategy for Burlington Northern Santa Fe which was acquired on February 12. Is it a "crazy deal" as Columbia University Professor Bruce Greenwald has claimed? ...
Berkshire Hathaway reported strong results for the first quarter of 2010 with book value per share rising 5.8 percent to $89,374 per Class A share which represents a record high (all per share figures in this article will refer to ...
The Burlington Northern Santa Fe acquisition was the largest in Berkshire Hathaway's history and many shareholders naturally assumed that Berkshire would create a new "Railroad" operating segment for financial reporting purposes. It came as somewhat of a surprise to learn ...
The Birmingham Business Journal has reported that Burlington Northern Santa Fe has purchased a 32 acre facility in Birmingham for $3 million. The company is in the process of evaluating the facility for future expansion. The site is a former ...
Berkshire Hathaway has announced the completion of the company's acquisition of Burlington Northern Santa Fe. In addition, Berkshire has announced the final results of the merger consideration to be paid to Burlington shareholders. Read this article for more details on ...
In the CNBC interview shown below, Burlington Northern Santa Fe CEO Matthew Rose discusses the company’s special meeting of shareholders set for 10 am today. At the meeting, Burlington Northern shareholders are expected to approve Berkshire Hathaway’s offer to acquire ...
Standard & Poor’s has announced that Berkshire Hathaway will replace Burlington Northern Santa Fe in both the S&P 100 and S&P 500 indices on a date to be announced. The S&P 500 is a broad based index that is perhaps ...
Over the past week, Warren Buffett has commented on the valuation of Berkshire Hathaway shares and the logic behind issuing shares as currency to pay for part of the Burlington Northern acquisition. Mr. Buffett's statements have helped to answer many ...
The January 2010 issue of Rail Time Indicators was published today and a video summary of the report appears below. As the report notes, 2009 was a year that hopefully will not repeat in the future. For the full year, ...
We have often quoted Bruce Berkowitz's views on investing in recent months. Mr. Berkowitz is the founder and manager of the Fairholme Fund and was named Morningstar's United States stock fund manager of the year for 2009. Read this article ...
In an amended filing of the proxy for Berkshire Hathaway’s proposed acquisition of Burlington Northern Santa Fe, new details have been provided regarding Burlington Northern’s management forecasts of future results based on a number of different macroeconomic assumptions. The restrained ...
The Financial Times Lex Column this morning highlights a trend that Berkshire Hathaway shareholders have been aware of for some time: The Price/Book Value ratio has been steadily falling over the last several years and is now at levels unseen ...
The CNBC video shown below discusses Berkshire Hathaway's acquisition of Burlington Northern Santa Fe. The segment below contains a great deal of commentary regarding the deal. For Mr. Buffett's comments, read this post ...
As reported earlier today, Berkshire Hathaway has entered into a definitive agreement with Burlington Northern Santa Fe (BNSF) to acquire for $100 per share in cash and stock the remaining 77.4 percent of outstanding BNSF shares not currently owned by ...