Warren Buffett has long been a fan of Rail Road stocks, and with good reason because the sector is on the verge of an explosion. What makes the few stocks that Warrem Buffett really likes unique is because they have been around for decades, and yet even with all the new advances in technology they are showing phenomenal growth. While it is true that a few years ago Warren Buffett sold his stake in CSX, the company continues to do great and grow at an excellent pace.
CSX has excelled past their earnings predictions for each quarter, and they are not showing any sign of slowing down. With all of the new advances in rail road technology, and the fact that the US DOT is getting so strict on semi-trucks these rail road stocks are going to be the way of the future. Even billionaire Elon Musk is working on building a bullet train, so naturally CSX is a healthy choice for any investor who wants to get in on the growing revolution. Warren Buffett was also behind a few other well known rail road companies, but he had sold his shares in those as well.
When the economy was on its downturn there was naturally no need for rail road cars to be running, but with the economy recovering at full speed there has never been a better time to invest in companies like CSX. Warren likes a stock that you can hold onto for ten years, CSX has had consistent growth for ten years and will continue to grow into the future. The company is positioned to be one of the premier rail road companies, and with the interest of Warren Buffett behind it again the company is bound to do great and new technology comes abroad to enhance the rail road industry.