Cramer: Can't Dispute Warren Buffett On This
"There have been a lot of questions raised about Warren Buffett’s judgment lately," Cramer said Wednesday. "But there’s one area where I don’t think the Oracle’s genius can be disputed—his brilliant Burlington Northern acquisition."
The Oracle of Omaha is "loco about "locomotives" and it makes sense, Cramer said. After all, trucking has become more expensive now that a barrel of oil trades at more than $100. Rail is cost-effective and environmentally friendly, Cramer explained. The rails can move nearly a ton of freight roughly 500 miles on only a single gallon of fuel.
Cramer's fave play in the railroad space is CSX . The Jacksonville, Fla.-based company operates in 23 states in addition to the Canadian provinces of Ontario and Quebec. To learn more about this company, Cramer chatted with CEO Michael Ward. Watch the video to see the full conversation.
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