Bill Gates ups CN Rail stake to 12%

[Liberty]

http://business.financialpost.com/2012/12/12/bill-gates-ups-cn-rail-stake-to-12/

 

Bill Gates has increased his overall investment in Canadian National Railway Co. to 12% for a combined value of roughly $4.7-billion.

 

Cascade Investment LLC, a Kirkland, Wash., investment company owned and controlled by the billionaire Microsoft founder, said Tuesday it had acquired an additional 13,670 common shares in CN for $1.25-million. The additional shares brings Cascade’s overall stake the country’s largest railway to 10% of its outstanding shares, or roughly 43 million shares.

[ourkid8]

I have 10% of my portfolio in CN Rail and I love the strong conviction Cascade Investment has behind CN Rail!  I plan on holding on to this investment for the long term...

 

S

[jay21]

I have 10% of my portfolio in CN Rail and I love the strong conviction Cascade Investment has behind CN Rail!  I plan on holding on to this investment for the long term...

 

S

 

Can you make a thread detailing your thesis?

 

Thanks

[ourkid8]

Sure, let me dig up my notes from 09' and I will post my updated thesis.  I was lucky to be able to purchase this stock at $42 during the crisis and enjoying the ride.