Buffett sees BNSF buyout as a solid bet on the West

12/22/2009 | Bloomberg

Billionaire Warren Buffett said his $26 billion purchase of Burlington Northern Santa Fe is a solid bet on the U.S. economy generally and the West in particular. "I think the West is going to do well," the chairman of Berkshire Hathaway told BNSF workers. The railroad is positioned to benefit from increasing shipments from China.

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