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.
