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 Union Street Railway A debt free company. Share buy-back. Consistent dividend paying. Lot of cash. When was this investment made? During Buffett Partnership days.
Reference