Warren Buffett Bought Two Other Rail Companies
It is not clear which these two railroad companies are. A lot of guessing work is already going on Wall Street, as we see all the railroad stocks are going up. Union Pacific Corp. (UNP) were up $7.14, or 6.92 percent, at $110.34, while the other major U.S. railroads CSX Corp. (CSX) and Norfolk Southern Corp. (NSC) were both up around 6 percent. Burlington Northern Santa Fe Corp. (BNI), the company that Warren Buffett has bought, was up more than 16% at one point.
During his last shareholder letter, Warren Buffett claimed that there were two stocks that are not open public and he was still buying more. We are hosting a contest guessing what the two stocks are. Now we can focus the guessing game to railroad companies. GuruFocuser Vooch has already done his part, he thinks these two companies are Canadian National Railway Company (CNI) and Norfolk Southern Corp. (NSC).
What are these two companies? Tell us what you think?