Friday, January 11, 2008

Warren Buffett Resumes Burlington Northern Stock Buys

Warren Buffett's Berkshire Hathaway is once again adding to its stake in Burlington Northern Santa Fe after taking a break for the last few months.

A filing with the SEC minutes ago reveals purchases of Burlington stock today, yesterday and Tuesday. Earlier today, Berkshire disclosed a small purchase on Monday. So, every day of the week so far, Buffett has bought some Burlington.

They are the first disclosed purchases since a string of buys that began last spring and ended in October.

The largest purchase came yesterday (Wednesday): 435,700 shares at $77.12 each. That's also the lowest price of the three most recent buys, but above Monday's $76.55. Many of last year's disclosed purchases were in the neighborhood of $80 a share.

Full Article

No comments: