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Warren Buffett Is Still Riding the Rails

As evidence of a bullish long-term outlook for railroads, Warren Buffet's Berskshire recently increased its stake in Burlington Northern (BNI) and the CEO of Kansas City Southern (KSU), Michael Haverty, appeared on Larry Kudlow's show on CNBC Thursday evening, stating that rail transport was showing continued strength in the transport of coal, chemicals, and grains with weakness in the transport of consumer goods and housing related commodities. Berkshire paid $79.65 each to add 825,000 shares of BNI, upping its stake in

"On the heels of a blockbuster profit report, were are delighted to recommend Guangshen Railway Company (NYSE: GSH) as the latest addition to our model portfolio," says Jim Trippon.

The editor of the The China Stock Digest explains, "The company’s expansion plans and its favorable geographic position indicate that Guangshen will be a major beneficiary of China’s growth."

"On the day we put out our 'buy' alert, the company announced a staggering 92.4% increase in net profits, yet the company’s ADRs hardly responded, creating an excellent buying opportunity. Profits have now topped $200 million

The 2008 Olympics is quicklyapproaching as we wind down toward the grand ceremony on Aug 8, 2008 at 8:08:08PM.<!--more-->Despite all the negative political publicity regarding this event, the Olympicsis still the Olympics; unlike most sporting events, it happens only once everyfour years; this means attendance will be high and viewership will be high. Inaddition, the Chinese have picked a string of lucky numbers for the openingdate and time– the number 8 is considered a lucky number for which fortunes canbe made. I don’t believe in superstition but I do have reasons to believe thatinvestors