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Warren Buffett Watch
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Warren Buffett Buys A Few More Burlington Northern Shares .. For A Quick Paper Profit
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] stake, bringing its total holdings to 64,610,418 shares.Berkshire now owns 18.87 percent of Burlington's outstanding shares, up slightly from the 18.63 percent stake it held before the latest purchase.
In a filing with the SEC a few minutes ago, Berkshire says it made its latest purchase two days ago, on October 28, paying $79.65 a share. That puts the purchase price at just under $66 million.
Burlington hit an intraday low of $77.58 on Tuesday, but closed at $83.45. Today (Thursday) it finished the regular session at $86.59.
That means the stock is up 3.8 percent close-to-close, and up 8.7 percent from Berkshire's purchase price.
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But the market value of Berkshire's total stake in Burlington hasn't been doing all that well.
Berkshire disclosed a series of buys last summer and fall in the vicinity of $80 a share.
The stock fell into the high $70s in January, sparking a string of Berkshire buys. It then rallied as high as $114.58 in early June, only to fall back to the high $70s again this week.
Over the past year, Burlington Northern shares have gained just 1.4 percent.
Current Berkshire stock prices:
Class A: [US;BRK.A
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Class B: [US;BRK.B
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Data is a real-time snapshot *Data is delayed at least 15 minutes
