Warren Buffett Buys BNSF Stock
Laramie, WY – Warren Buffett's investment company has bought another set of railroad stocks this month.
Berkshire Hathaway reported a purchase of 845,000 shares of Burlington Northern Santa Fe in a filing with the Securities and Exchange Commission late today.
The purchase raised the legendary investor's stake in the Fort Worth, Texas-based railroad to 15 percent, just short of 53 million shares.
Burlington Northern is a major shipper of Wyoming coal.