One of the largest railway companies in the USA, with a network that is impossible to replicate.
It's an extremely defensive business, with a huge MOATTo enter this sector would require billions, duplicate infrastructure and overcoming strong legal barriers.
As a result, predictable revenues, consistent dividends and aggressive share buybacksThis was one of the factors that weighed most heavily on my decision.
It's exactly the kind of company I'm looking for: a simple, dominant business that's difficult to replace.
Buy & hold... for life.
