Union Street Railway

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.

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Union Street Railway Revenue

YearRevenues
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

YearEPS
1947$3.21
1948$3.00
1949$3.85
1950$0.52
1951$2.22
1952$2.5
1953$4.27
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Union Street Railway Dividend Track Record

YearDividend
1925$8
1926-27$6
1928$3
1929$1
1930$1
1931-40Nil
1941$1
1942$3
1943-49$5
1950$4
1951-52$1
1953$5
1954$2

Union Street Railway Outstanding Shares

YearNo. of Shares
1947-5121,900
195220,695
195318,363

Union Street Railway Historical Price

YearHigh PriceLow Price
1949$50$45
1950$50$38
1951$41$25
1952$33$25
1953$38 & Half$32
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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