- Meet the Buffett Trio: Warren, Peter and Akon
- Warren Buffett's Reassuring Words On the Future
- Warren Buffett Regains "America's Richest Billionaire" Title from Bill Gates
- Why Mr. Buffett Won't Be Going to Washington
- Warren Buffett's Celebrity-Style Endorsements of GE & Goldman Aren't Helping the Stocks ... Yet
- Warren Buffett and J.P. Morgan: The Return of "Profitable Patriotism" After 101 Years
- CNBC TRANSCRIPT: Warren Buffett Warns Rescue Package Won't Be "Panacea" for Troubled Economy
- Warren Buffett to CNBC: Rescue Bill Will Help, But Not "Panacea" for Economy
- Warren Buffett: Treasury Should Team With Private Investors to Buy Distressed Assets
- Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime - Charlie Rose Interview
- Executive Decision: Waste Management CEO David Steiner
- Lightning Round: Microsoft, Google, Dell and More
- Lightning Round OT: AIG, Home Depot and More
- CEO Sell-Offs
- Hedge Fund Pain Is Your Gain
- Cramer: This Market Can’t Be Trusted
- Your First Move For Tuesday October 14th
- Web Extra: A Few Tuesday Trades
- Pops & Drops, Alcoa, RIMM...
- Former Fed Chief Says US Now in Recession
- Printing Money = High Commodities Prices: Analyst
- Blackstone Says US Action Breaks Back of Crisis
- European Shares Rally on Bailout Action
- SABMiller Beer Volumes Rise, Warns on Year
- Plan Will Bring Markets Back to Normal: Bernanke
- European Shares Set to Extend Rally on US Plan
- South Korea Is Ready to Aid Banks as Won Jumps
- Markets Surge Ahead of US $250 Billion Bank Bailout
Text Size 
 |
As we've been detailing here on Warren Buffett Watch, Berkshire bought almost three million shares at a total price of almost $229 million dollars between Monday, January 7 and Tuesday, January 22. SEC filings show purchases on every day the markets were open during that period except for Friday, January 11.
 |
Burlington closed at $76.51 on January 22, near its lowest close during the entire 11-day period. The next day it gained over 4% to finish at $79.67 and we haven't had any additional purchases disclosed since then.
Burlington finished last week at $88.30, it's highest daily close since last July. That's a 15.4 percent jump from the day of Buffett's most recent purchase. It also represents a 14.1 percent gain from the weighted average of $77.38 that Berkshire paid for its Burlington shares last month. Current price: [BNI
Loading...
()
]
Berkshire Hathaway's Burlington Northern Buying Spree |
| Date | Shares Acquired | Price/Share | Total Price |
| Monday, January 7 | 29,600 | $76.55 | $2,265,880 |
| Tuesday, January 8 | 240,000 | $77.89 | $18,693,600 |
| Wednesday, January 9 | 435,700 | $77.12 | $33,601,184 |
| Thursday, January 10 | 46,100 | $77.78 | $3,585,658 |
| Monday, January 14 | 141,400 | $78.18 | $11,054,652 |
| Tuesday, January 15 | 807,400 | $77.69 | $62,726,906 |
| Wednesday, January 16 | 44,200 | $76.55 | $3,383,510 |
| Thursday, January 17 | 205,800 | $77.83 | $16,017,414 |
| Friday, January 18 | 996,100 | $76.97 | $76,669,817 |
| Tuesday, January 22 | 10,300 | $75.51 | $777,753 |
| TOTAL | 2,956,600 | $77.38 | $228,776,374 |
While it is far too early for anyone to declare victory, and we must remember that Warren Buffett buys for the long-term, Burlington's big short-term rally is a striking example of Berkshire's stock-picking skills.
(An email from Mark K. after this post was published points out, however, that two other railroads Berkshire was selling last year, did even better over the same short-term period. From January 22 through February 1, Norfolk Southern was up 24.9 percent and Union Pacific gained 15.9 percent.)
In November, a study by two university professors demonstrated that investors who simply follow Buffett's lead on stocks have wound up way ahead of the game.
In a few weeks, we'll be getting an update on what was in Berkshire Hathaway's stock portfolio as of the end of the year, which will give Buffett-followers more ammunition. Stay tuned!
Berkshire's current price: [US;BRK.A
Loading...
()
]
Questions? Comments? Email me at
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes