The Buckle, Inc. (BKE), Union Pacific Corporation (UNP): A Nebraska Portfolio for Creating Wealth

The company saw declines in shipments of coal and grain over the past year, but has made it up in the movement of crude and intermodal shipments. It would be virtually impossible for another company to build a 32,000-mile network of rail to compete against Union Pacific Corporation (NYSE:UNP). Acquiring the land alone would be cost prohibitive. Union Pacific is a stock to own for a lifetime. Union Pacific Corporation (NYSE:UNP) pays a 1.79% dividend.

The Foolish bottom line

I started buying Nebraska-based publicly traded companies in the mid-1990s and have been richly rewarded for holding onto them. I did not sell out when the recession struck in 2008, but instead bought more of these stocks, especially Union Pacific Corporation (NYSE:UNP) and The Buckle, Inc. (NYSE:BKE). I now live in Kansas, but I still have a lot of investments in Nebraska.

Nebraska is home to some of the greatest companies in the world. Warren Buffett has taught many Nebraskans how to create profits in business. If you buy these companies, hold onto them through good times and bad times. The long-term outlook for all five of these companies is excellent.

Michael Hooper owns shares of Berkshire Hathaway, Union Pacific, The Buckle and ConAgra. The Motley Fool recommends Berkshire Hathaway and The Buckle. The Motley Fool owns shares of Berkshire Hathaway and The Buckle. Michael is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

The article A Nebraska Portfolio for Creating Wealth originally appeared on Fool.com is written by Michael Hooper.

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