I would not be surprised if it was Buffet who suggested to Gates to buy these stocks.I bought 100 shares of cnr last mth,its been down all mth since ive bought it.Im new to investing but everything ive read says railroad stocks are a solid bedrock stock for a portfolio,low competition and as a dividend i think cnr has raised it for 46 yrs?could be wrong.Gotta like that gates is a major holder,cant be bad!Buffet is big on railroad too,standard and poor has a hold on it for now with alot of others,but its technicals says its in a bullish trend and the company forecast news wise is promising.
The stock price seems to be derailing these days. (No pun intended)I believe CNR stock history only goes back to privitization in 1995. It has always been a solid performer.
However, I am a bit uncomfortable with how they run the company. Think of all those derailments, including that bad one that killed all the fish in that river in BC or Alberta. And the oil spill in that Alberta lake in the past couple of years. I'm all for efficiency and value but not at any price.