SAN DIEGO (ETFguide.com) – Warren Buffett is finally spending some of Berkshire Hathaway’s cash hoard. And he’s buying a railroad company. As the greatest investor of our generation, does his latest acquisition signal a market bottom?
Dissecting the Deal
Buffett’s firm, Berkshire Hathaway (NYSE: BRK-A – News), agreed to buy Burlington Northern Santa Fe Corp. (NYSE: BNI – News) for $100 a share valuing the deal at $44 billion.
Over the past year, Burlington’s stock price has lagged the performance of its peer benchmark, the Dow Jones Transportation Average (NYSEArca: IYT – News). Read more…
















