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To: Steelfish

” The biggest name in investing is making what he calls an “all-in wager” on the U.S. economy “

BS... He’s betting that fuel costs stay high enough to preclude any major rebound in the trucking industry....

And that’s *not* good for the U.S. economy.....


4 posted on 11/03/2009 3:20:25 PM PST by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Uncle Ike

Right on, right on, right on!

Its a commodity play. The percentage of freight moved by rail as compared to wheels will remain high. They also have built-in pricing power and regulatory capture.


15 posted on 11/03/2009 3:28:12 PM PST by SteelTrap
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To: Uncle Ike
Buffet already owned 22% of BNI, a position which I think was deeply in the red. His exorbitant offer will redeem his current position and just maybe set up the biggest market manipulation in a long time.
29 posted on 11/03/2009 4:21:15 PM PST by hinckley buzzard
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