Stocks

[dellinger63]

Originally Posted by Riot

Obama has been talking about it for a couple of years - job creation, energy, infrastructure? America far behind other countries on this? Hate to tell you, but Buffett has said he thinks Obama is the right one in the White House.

Did Buffet buy Amtrack?

[Riot]

Originally Posted by dellinger63

Did Buffet buy Amtrack?

No, he bought Burlington to transport coal for power plants. But that also positions him well for the future passenger.

[GBBob]

He's not buying train companies, he's buying rail access

[dellinger63]

Originally Posted by Riot

No, he bought Burlington to transport coal for power plants. But that also positions him well for the future passenger.

OK that's a stretch

BTW I think high speed rail can work and is needed however on a limited scale. The east coast could certainly benefit down to Virginia and has the potential to make money. The rest of the country except maybe California makes no sense.

IMO You'd be hard pressed to fill a single train leaving (once/day) from Chicago to St. Louis, Detrot, Indy, Louisville, Cleveland, (Maybe Madison/Party train) etc etc. Not in a hundred years will the building of it (both track and cars) be paid for by the service and it all would have been replaced 50 years before that.