Tuesday, November 03, 2009 6:50:41 PM
BNI was undervalued, Buffet paid a premium, and the stock moves up. Buffet wins, at least temporarily.
Long term, the BNI acquisition will be a winner under a Peak Oil scenario when the world's oil production cannot keep up with the world's oil demand. Then the cost of diesel will escalate making moving goods by truck very expensive as compared to rail.
All railroads will become more valuable and more pertinent in our economy under Peak Oil.
sumi
PEAK OIL #board-6609
PEAK OIL+DEPRESSION - SUSTAINABLE LIVING #board-9881
PEAK NATURAL RESOURCES #board-12910
PEAK WATER #board-12656
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