Mark Anthony

Buffett's Burlington Buy Is Really a Bet on China

Damn:

It is hard to make a move before the market does. I have been watching PCX closely for nearly 4 months (since the bottom at around $5 in July). Never get a good chance to get into this coal play. Warren Buffett's bet on BNI adds some urgency to get into coal plays. But the market simply would not co-operate with me.

I am determined to buy some PCX on the next significant dip. For now, dry bulk shippers are still dirt cheap to buy. Better buy before Warren Buffett makes his next move. If he bought railway, dry bulk shippers are the next logical target.

Not sure if Warren has spare cash left to buy shippers, after he spent so much on railways.


On Nov 06 07:22 PM Mark Anthony wrote:

> Yes! I think more and more people are starting to get it:
>
> Railway transportation
> = Shipment of Coal Export to China
> = Needs to buy US coal producers (PCX, JRCC, ANX, ACI...)
> = Needs to buy dry bulk shippers (EXM, EGLE, TBSI, DRYS, etc.)<br/>
>
> Dry bulk shippers is one of the things I am most bullish on. Another
> is one critical precious metal that China has ZERO product, which
> China desperately needs to hoard, and which America has one of the
> world's most unique producer:
>
> The palladium metal, and Montana based SWC, Stillwater Mining.<br/>seekingalpha.com/autho...
>
>
> One thing I do not understand is Buffett's timing and pricing of
> his BNI acquisition. Maybe there is an urgency for him to get out
> of the US dollar cash positions ASAP, otherwise there is no good
> explanation of his bad timing and pricing.