The Barron’s cover story behind Warren Buffet’s grumpy face:
By Daniel at 28 December, 2009, 10:37 am
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http://online.barrons.com/public/article
/SB126170375980104937.html?mod=mktw
“The most optimistic — that Burlington could earn $5.06 a share …was at odds with Wall Street’s far more upbeat 2010 consensus earnings estimate of $5.50 a share …”
“The management of Burlington Northern Santa Fe thought it more likely the economy wouldn’t start to recover until 2011 and that the railroad would earn a depressed $4.40 a share in 2010. The other two scenarios were even more bearish: Either there would be no recovery and unit growth would be flat for five years, or the economy would enter a “deeper recession.”
“There is no V-shaped recovery at this point. The recovery is shallow,” Dan Keen, the assistant vice president of policy analysis with the Association of American Railroads, said in our D.C. Current column last week.”
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