Maybe, maybe not. All about max profit per unit, not economy or anything else. If it sell, they build it. If not, they drop it. Problem is, retooling takes time. No late model anything is simple today sadly.
Why would Buffet be nervous? If the entire RV industry went down, I don’t think he’s going to starve.
The power companies killed coal because they switched to less expensive fuel sources. Quit blaming everything on the government. The largest power plant in my state is converting to natural gas because they are planning to save 10-15 million dollars annually. Coal isn’t the cheapest fuel anymore. Coal plants also require a lot more maintenance.
He's been investing in trains for about 15 years, and thinks they are going to make a comeback.
His stockholders will take a hit however and don't forget his largest holding... BNSF railroad. They already took a hit on railed crude and will take another hit on diesel fuel cost. Warren will never starve, he's smart but frugal.
I do as well...He's been investing in trains for about 15 years, and thinks they are going to make a comeback.
Warren Buffett thinks railroads will be his firm's key asset in 100 years, while Cathie Wood calls it a 'bad idea'
"I'll venture a rare prediction: BNSF [Railway] will be a key asset for Berkshire and our country a century from now," Buffett said.finance.yahoo.com
All railroads are thrilled about the funding they are getting from infrastructure legislation. The plan is to double the transcontinental tracks to prepare for a shift in transcontinental shipping from truck to rail. The cost of rail shipping with the new infrastructure will be a fraction of truck shipping and will help considerably with the congestion at ports. I saw a presentation from BNSF last fall about these plans. I think it’s a great idea and will especially enjoy traveling interstate highways with less truck traffic. One train replaces 128 trucks on the interstate.
Ummm ...
Which makes no sense at all. Who would WANT to work in a coal mine? Most of them started out as kids because that what Dad, Grandad and Great Grandad did, so it's just what there was to do. Give them an opportunity to learn to do something far more safe and they say ... 'no we do coal, that's what our family does, that's all we know'.
The presentation from BNSF highlighted the following:
Every power plant in my state has pipelines built going to them. Never heard of a power plant being denied gas service anywhere. Cross country pipelines that only benefit Canada are the only pipelines denied. Especially when Indian tribes don’t want them on their lands.
Yes it is a fuel crisis created by war. Same thing happened in WW2, now we are in WW3. But that has nothing to do with coal mining. I’m done with this discussion: you continue to beat a dead horse with the same old comments. I’m going to tell a personal story: my grandfather was a coal miner in Wheeling, WV and southern Ohio areas. He told my father and I 50-years ago there was no future in coal and said get an education or learn a trade. We moved west in 1970 and made a better life for ourselves, didn’t stay in Appalachia and do drugs. Grandpa died from mining related lung disease. Ten years ago, the Peabody coal mines in the San Juan basin in my state closed. The miners there either moved or found new jobs. Currently the mines in Wyoming are closing. I have lots of in-laws in that country. They have told me that the communities are losing population because people are moving on to new jobs elsewhere. But they are also seeing people move in to enjoy the rural lifestyle because they are teleworking. Yes, there are drug problems in every state, but most people moved on with their lives. This is America: we find opportunities and industries change over time. Nobody has to do the same job that their grandfather did.
So what's your point? Auto manufacturers are always bringing old, popular names back. My first Ford Ranger was a 1973, the Silverado was once just an expensive option class of the Chevy truck. The Dodge Dart was once a 2 door coupe which was easily hot rodded, rather than the econobox they came out with later. The only names which I don't expect to see again are Pinto, Edsel, and Vega; although the first was actually a rather tough car, until you got rear ended. Yet I have to wonder if a big part of that was that it was the beginning of Japanese car fandom, rather than a problem with the car. One name I'm surprised they haven't resurrected is the Corvair; another car which was killed by Nader's hype, more than an actual car.Ummm ...
Understandable. Discussing anything with Hay Dude is like wrestling with a pig in mud. They like it and you don't. Why I keep him on ignore. Only poster on here I do.
