2016-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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BNSF's CapEx Is a Good Investment Opportunity for the Company
Burlington Northern has spent more than just about every railroad on capital expenditures. While the company reduced its CapEx budget from $5.7 billion during 2015 to $4.3 billion this year it still represents around 20% of annual revenue. The secular decline in coal which is accelerated late and the complicated nature of crude oil shipments where BNSF has already invested heavily are likely to push it more towards other parts of the business.
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