Do you plan on writing a BNSF vs. Union Pacific comparison? Also, do you suspect that the discount of BNSF's enterprise value versus UNP is negatively diverging at the same pace and depth as GEICO versus Progressive? thx!
Yes, actually I am working on that this week (will post it by early next week). BNSF similarly underperforms its closest comparable publicly traded company, UNP. I find it interesting that Warren Buffett's letter highlighted this fact but was silent on the GEICO/Progressive situation. I'm sure it'll come up at the annual meeting. I plan to submit a question to Becky Quick about it.
Do you plan on writing a BNSF vs. Union Pacific comparison? Also, do you suspect that the discount of BNSF's enterprise value versus UNP is negatively diverging at the same pace and depth as GEICO versus Progressive? thx!
Yes, actually I am working on that this week (will post it by early next week). BNSF similarly underperforms its closest comparable publicly traded company, UNP. I find it interesting that Warren Buffett's letter highlighted this fact but was silent on the GEICO/Progressive situation. I'm sure it'll come up at the annual meeting. I plan to submit a question to Becky Quick about it.