It looks like the Oracle of Omaha is riding the Reading Railroad on the Monopoly board all over again. Berkshire Hathaway Inc. (NYSE: BRK-A) has said in a filing that it has added to its position in Burlington Northern Santa Fe Corp. (NYSE: BNI). The filing notes that Buffett and company bought an additional 825,000 shares of common stock and now holds a beneficial ownership of 64,610,418 shares of common stock.
The price paid was listed as $79.65. We had covered an additionalincrease in his position on Burlington Northern Santa Fe Corp. before where he basically createdsynthetic add-on by selling put options to take advantage of the highpremiums. It looks like he was “put” the stock here.
Jon C. Ogg
October 30, 2008