Futures:
- after hitting another all-time high, against significant headwinds (bond yields), futures suggest another interesting day tomorrow
Apple: sell-off is a golden buying opportunity. Benzinga.
- outperform rating, target: $175
- bull case price target: $225
- with a trillion-dollar-valuaton in sight for Cupertino, the recent sell-off in share creates a golden buying opportunity
Buffett:
- at 90 years of age, his net worth has blown past $100 billion;
- at $100.4 billion, Buffett is the sixth man of the $100 billion club;
- Jeff Bezos, Elon Musk, Bill Gates, Bernard Arnaut, Mark Zuckerberg;
- first article I've seen that mentions the "K-shaped recovery";
Buffett:
- BNSF? Best buy ever? How Berkshire Hathaway makes money, Investopedia;
- BNSF Railway Berkshire's freight rail transportation business operates one of the largest systems in North America. BNSF Railway ships coal as well as consumer, industrial, and agricultural products.
- BNSF Railway's revenue fell 11.3% in 2020 to $20.9 billion as EBT fell 6.3% to $6.8 billion. Rail transport comprised only 9% of Berkshire's total revenue, but it generated over 25% of total EBT.
Something to think about:
- in the big scheme of things, BNSF and Union Pacific are two peas in a pod, as they say
- Berkshire Hathaway's EBITDA for the three months ended in December, 2020, was $49,364 million; its EBITDA for the trailing twelve months (TTM) ended in December, 2020, was $70,372 million
- 25% of $70 billion is $17.5 billion
- Union Pacific EBITDA for the quarter ending December 31, 2020 was $2.563B, a 3.61% decline year-over-year. Union Pacific EBITDA for the twelve months ending December 31, 2020, was $10.044B, a 6.74% decline year-over-year.
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