Warren Buffett's company recovers from the coronaviruses
During the company annual meeting weekend in Omaha, Nebraska, Warren Buffett paused while playing bridge. Many of Warren Buffet's businesses are enjoying strong recoveries from the early depths of the coronavirus epidemic. An Edward Jones analyst said that the results were strong, reflecting broad economic strength.
He rates the stock a buy and raised his earnings forecast. In July, when the company's share count declined further, the total number of share repurchases increased to about $39 billion. BNSF's profit surged 34% to $1.52 billion, as retailers replenished inventories and demand swelled for building products, grain and coal.
The aircraft and industrial parts maker it wrote down by $9.8 billion in 2020 as airlines slashed plane orders, was one of the companies that reported more accidents. Customers have enough parts so a big rebound is not likely soon."