The following is an excerpt from an independent research report on Axion International published by Murphy Analytics: (Click here for the Complete Report)
“Our country’s future prosperity depends on its having an efficient and well-maintained rail system.”
Commenting on Berkshire Hathaway’s acquisition of rail operator Burlington Northern Santa Fe, Warren Buffett cited the fundamental importance of the nation’s rail system. Maintaining this rail system therefore is of equal importance and presents a $2 billion per year opportunity for Axion as operators begin to recognize the superior economics of investing in AXIH rail ties. As estimated by The American Association of State Highway and Transportation Officials, it would require $140 billion to repair every deficient bridge in the U.S. The Congressional Budget Office estimates2 that $400 billion is spent per year in the U.S. on infrastructure including transportation, utilities, and some other public facilities, presenting another sizeable near-term
opportunity for Axion.
Patrick J. Murphy, CFA, is the Founder and Senior Analyst at Murphy
Analytics. Mr. Murphy has 15 years of capital markets experience,
providing institutional investment and transaction analysis across a
range of asset classes including microcap equities, commercial real
estate debt and equity, municipal derivatives and public finance,
venture capital, fixed income, CMBS and mortgage REIT's. In addition
to his work with Murphy Analytics, Mr.Murphy also serves as a
consultant to a municipal derivatives advisory firm. Mr. Murphy is an
alumnus of the University of Notre Dame, with an undergraduate degree
in Economics. He earned a Masters Degree in Finance from St. Louis
University and is a CFA Charterholder and member of the CFA Society of
St. Louis.
