Maybe, but not for the reason Ken Goldberg suggests at TheStreet.com. Goldberg, the subtitle(“Technical analysis makes a case for lightening up on shares of Buffett’s BRK.B stock”) would indicate, is devotee of divining future stock price movements from the entrails of birds, err, technical analysis. The answer for such a person is a resounding yes- sell Berkshire Hathaway.… Read More »
From the moment the first headlines crossed the wire this morning, the story has been “Berkshire Hathaway(BRKB) Buying Heinz(HNZ)” or “Buffett Buying Heinz”. That is not at all the case however. 3G Capital, a Brazilian firm known for its investments in Burger King and InBev, is buying Heinz. It will own half the equity and operate the company.… Read More »
There is rampant speculation this morning after Berkshire Hathaway(BRKA) announced it had repurchased 9200 class A shares from “the estate of a long-time shareholder”. Many are reporting, irresponsibly, in our opinion, that the stake comes from David Gottesman. This makes no sense to us for two reasons. First, Mr. Gottesman, being very much alive, has no estate. Secondly,… Read More »
If you own a house, it’s very likely you’ve purchased title insurance from Fidelity National Financial(FNF). After all, the company writes more policies than any other. Increasingly though, it’s likely that you’ve eaten at one of the company’s restaurants. Yes, you read that correctly. The company has been steadily acquiring restaurant assets, and will generate over $1.25 billion… Read More »
I first became interested in Daily Journal Corporation(DJCO) while reading Janet Lowe’s excellent Chralie Munger biography, Damn Right. I have owned it in the past though not currently. It consists of a declining but still profitable niche newspaper publisher, and with Berkshire Hathaway’s recent acquisition of Wesco, is the only company managed solely by Charlie Munger. Beginning during… Read More »
If it looks like a duck and quacks like a duck, it might just be Sardar Biglari playing dress up. In his continuing effort to pretend to be Warren Buffett, Biglari Holdings(BH) announced this morning that its Board Of Directors had approved a 1-15 reverse stock split. This follows a previous 1-20 reverse split, and will be followed… Read More »
As reported previously, Berkshire Hathaway(BRK-B,BRK-A) announced its intention on August 25, 2010 to propose to Wesco(WSC) that it purchase the 19.9% of Wesco it did not already own. This morning, at long last, the two companies have announced a definitive merger agreement. Wesco shareholders will be able to elect cash or stock at what seems like a negligible… Read More »
Image via Wikipedia In the latest step in his effort to mimic Warren Buffett, Sardar Biglari of Biglari Holdings(BH) has proposed to create a new, non-voting class of shares, which existing class A shares could be converted to at a rate of somewhere between 20 to 1 and 50 to 1. The disclosure came in an otherwise unremarkable… Read More »
Image by Getty Images via Daylife For years, Warren Buffett has spoken of searching for an elephant of a transaction. Berkshire Hathaway’s(BRKA,BRKB) announcement today that it will be acquiring Burlington Northern Santa Fe(BNI) in a $44 Billion deal represents the final capture of an elephant that has been in Buffet’s sights for several years as Berkshire has consistently… Read More »