Union Street Railway Business
Union Street Railway operated bus service in New Bedford, Fairhaven, Dartmouth, Fall Hiver and adjacent area, serving a population of about 120,000 people with 113 buses in 1953.
Union Street Railway Revenue
| Year | Revenues |
| 1946 | $27 million |
| 1947 | $26 million |
| 1948 | $24 million |
| 1949 | $23 million |
| 1950 | $19 million |
| 1951 | $18 million |
| 1952 | $15 million |
| 1953 | $13 million |
Union Street Railway EPS
| Year | EPS |
| 1947 | $3.21 |
| 1948 | $3.00 |
| 1949 | $3.85 |
| 1950 | $0.52 |
| 1951 | $2.22 |
| 1952 | $2.5 |
| 1953 | $4.27 |
Union Street Railway Dividend Track Record
| Year | Dividend |
| 1925 | $8 |
| 1926-27 | $6 |
| 1928 | $3 |
| 1929 | $1 |
| 1930 | $1 |
| 1931-40 | Nil |
| 1941 | $1 |
| 1942 | $3 |
| 1943-49 | $5 |
| 1950 | $4 |
| 1951-52 | $1 |
| 1953 | $5 |
| 1954 | $2 |
Union Street Railway Outstanding Shares
| Year | No. of Shares |
| 1947-51 | 21,900 |
| 1952 | 20,695 |
| 1953 | 18,363 |
Union Street Railway Historical Price
| Year | High Price | Low Price |
| 1949 | $50 | $45 |
| 1950 | $50 | $38 |
| 1951 | $41 | $25 |
| 1952 | $33 | $25 |
| 1953 | $38 & Half | $32 |
Union Street Railway as Cash Bargain
| Net Current Assets | $9,95,987 |
| Special Deposits | $3,86,376 |
| Accid. Ins. Trust | $6,00,000 |
| Total Cash & Equi | $19,82,363 |
| No. of Shares | 18,363 |
| Net Cash Per Share | $108 |
Why did Warren Buffett buy this Stock?
A debt free company.
Share buy-back.
Consistent dividend paying.
Lot of cash.
When was this investment made?
During Buffett Partnership days.
Reference
Moody’s Manual
