BNI- Burlington Northern Santa Fe
"The Skeptic" has been pounding the table on railroads for some time now. This particular rail is Buffett's choice. Never hurts to have Buffett on your side. The bullish case for railroads is strong. For one thing, aside from owning corn, it's the best way to play the ethanol boom. Ethanol cannot be transported using existing pipelines- too corrosive. In addition, higher gas prices improve the competitive position of rails relative to truckers. Currently trading below $90 a share BNI is very attractive.
Disclosure: This stock is owned by the skeptic. The skeptic is not a broker and encourages you to do your own research. It's entirely possible that the skeptic has no idea what he's talking about.
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