GO
Loading...

Cramer: Can't Dispute Warren Buffett On This

Wednesday, 6 Apr 2011 | 6:23 PM ET
Hitting the Rails
Cramer trains you to always look for the bigger picture, with Michael Ward, CSX chairman/president/CEO.

"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.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
CSGN
---

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.