Berkshire Hathaway of Warren Buffett reveals the pile of 10% with Scandinavian Burlington

Berkshire Hathaway of Warren Buffett reveals the pile of 10% with Scandinavian Burlington

Berkshire Hathaway of Warren Buffett revealed a pile larger than of Scandinavian Fe 10% of Burlington Santa (BNI). By three subsidiary companies of insurance (Colombia, national, and marine allowance national of fire) Berkshire advantageously has 39.027.430 shares of Scandinavian ordinary actions of Burlington according to a classification of dryness makes Friday, April 6, 2007.

The reported purchase most recent of Berkshire was made Thursday, 5 April, and was composed 1.219.000 bought shares with $81.18 part.

At the time presenting the table familiar of the principal investment of Berkshire in its more recent letter at the shareholders, Buffett wrote:

"we show below our investments of ordinary actions. With two exceptions, those which had a commercial value of more than $700 million at the end of 2006 are detailed. We do not detail the values concerned, which have a commercial value of $1.9 billion, because we continue to buy them. I could, naturally, tell you their names. But then I should kill you."

It proves that Scandinavian Burlington was one of the two great positions that Berkshire accumulated. Clearly, Berkshire was a large purchaser of the Scandinavian shares of Burlington since Buffett wrote its letter with the shareholders, because the position of Berkshire now has a commercial value of roughly $3.2 billion.

The size of the investment will make him approximately great positions half of dozen held by Berkshire. This investment reduces the majority of the investments of Berkshire made during the last years - it is already considerably larger than any other simple investment recently
revealed by Berkshire including/understanding the investment Posco (PKX), in the USA Bancorp (USB), ConocoPhillips (PIRN OF WIRE), Anheuser Busch (BUD), Johnson Johnson (JNJ), USG (USG), Wal-Market (WMT), and Tesco (TSCDY).

Simply put, it is the greatest simple investment of ordinary actions makes by Berkshire in a long time.

They is outstanding news - and it seems to have caught the majority of the observers of Buffett in addition to guard. GuruFocus, a site which detects the movements of Buffett religieusement, announced that its contest to call the two investments of mystery has refers to in the annual letter of Buffett had does not indicate all the conjectures that Scandinavian Burlington would be among the pair.

The Scandinavian Fe of Burlington Santa actuates one of the greatest systems with rails in North America. The system includes 32.000 miles of route of which of way 23.000 are had miles of route.

These last years, the Scandinavian Fe of Burlington Santa had bought the back actions. The company provides that repurchases of share will remain the primary use of its cash flow of financing free. In fact, Scandinavian Burlington can thus allow "a level moderately higher of
debt" the can of company "devote the additional financial capacity to share repurchases".

In this respect, at least, it is a typical investment of Berkshire.