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Warren Buffett's Railroad Ride Paying Off as Burlington Northern Hits All-Time High

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Warren Buffett's railroad ride with Burlington Northern Santa Fe looks increasingly profitable lately. The stock jumped almost 5 percent today (Wednesday) to close at an all-time high of $99.30.

Current price:

Burlington Northernrallied along with other railroad stocks after rival CSX reported surprisingly strong earnings last night, despite a softening U.S. economy. Burlington Northern is scheduled to release its first quarter results in just under two weeks on April 29.

Today's close for Burlington Northern lifts the stock to a 30 percent gain from its January 22 close, just after Buffett's Berkshire Hathaway finished a string of almost daily buys during the monthtotaling almost three million shares. Those purchases were all in the mid to high $70s. (You can see the 'January buying opportunity' dip in Burlington's stock price in the chart above.)

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Berkshire picked up even more shares last summer and fall, accumulating over 60 million shares for a stake of over 17 percent in Burlington Northern. Many of those purchases were also made in the vicinity of 80 dollars a share.

As Buffett was buying Burlington Northern last year, he was also selling two other railroads: Norfolk Southern and Union Pacific .

Norfolk Southern's stock has gained more than Burlington Northern (33.3% vs 29.8%) since January 22. Union Pacific is underforming over the same period, with a 23.7 percent advance.

Current Berkshire price:

See Warren Buffett Watch on CNBC's The Call, most weekday mornings at 11:50a ET

Questions? Comments? Email me at buffettwatch@cnbc.com