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Buffett's Berkshire buying Burlington Northern
Berkshire buying Burlington Northern railroad - Yahoo! Finance
For roughly 34 billion BRK is buying roughly 2 billion profit. Both stocks rising sharply as BRK, with an enterprise value of 167 billion only turned 3 billion profit, trailing twelve months. 2/3's BRK's profits at 1/4th the cost.
Sounds like a good deal for BRK stockholders, Buffett being the biggest.
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Giving money and power to government is like giving whiskey and car keys to teenage boys. ---P. J. O'Rourke
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