Union Pacific Corporation
Thesis
Union Pacific is a railroad stock that Tweedy, Browne purchased during the market downturn, indicating a belief in the strength and recovery of the transportation sector.
Did it work?
worked
confidence: high
The long thesis on Union Pacific decisively played out: over the ~18 years since the pitch, the stock returned +1035.6% (roughly a 10x gain, ~14% annualized), far exceeding typical market performance. The bet on the transportation sector's strength and recovery following the downturn was clearly validated by this sustained, substantial appreciation.