Berkshire Hathaway's Norfolk Southern Stake
Warren Buffett acquired 1.93 Million Norfolk Southern shares worth $471 Million. That's 0.19% of their equity portfolio (25th largest holding). Warren Buffett started to build up the position in Norfolk Southern in Q3 2006 and continued to invest until Q1 2007. Since then they sold 4.43 Million shares. The stake costed the investor $96.7 Million, netting the investor a gain of 387% so far.
News about Norfolk Southern Corp. and Warren Buffett
U.S. rail strike averted after Joe Biden signs bill blocking job action
The contracts cover workers at carriers including Union Pacific, Berkshire Hathaway Inc''s BNSF, CSX, Norfolk Southern Corp and Kansas City Southern.
Cowen sees rising risk of rail strike
Cowen analysts on Wednesday said the possibility of the first U.S. rail strike since 1991 is currently at about 30% after statements earlier this week from u...
Monday''s Rail Union Votes Could Start a Strike or Prevent It
A trade association of railroads like Union Pacific , CSX, Norfolk Southern, and the BNSF unit of Berkshire Hathaway thinks a strike can be avoided.
Looking At Railroads Like Buffett: Norfolk Southern (NYSE:NSC)
This is the third episode of a series that covers the Class 1 railroad industry in North America. Read my analysis of Norfolk Southern stock.