In the face of a gloomy economy where consumer spending is tepid, some of the smartest minds in the investment world have recently made big bets on the sleepy railway transporters. First it was Warren Buffett buying a big stake in Burlington Northern(BNI Quote). Bill Gates' investment vehicle also has a large stake in CN Railway. Both have been winning bets, appreciating 27% and 6% respectively in the last year.
But both of these transporters' gains have been eclipsed by Jacksonville-based CSX(CSX Quote), which has racked up a 45% increase in its share price in the last 52 weeks -- mostly coming in the last three months.
Cramer Interviews CSX Corp. CEO |
While Buffett and Gates have been passive investors in Burlington Northern and CN Rail, CSX has generated this performance while battling a group of activist investors led by Christopher Hohn of London-based The Children's Investment Fund (or TCI). ...
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