Berkshire Hathaway (BRK)

Re: Berkshire Hathaway (BRK)

Postby behappyalways » Sun Feb 23, 2020 4:05 pm

Berkshire Hathaway empire ‘prepared’ for Warren Buffett’s departure
https://www.scmp.com/news/world/united- ... en-buffets


BERKSHIRE HATHAWAY INC.
https://berkshirehathaway.com/letters/2019ltr.pdf
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Re: Berkshire Hathaway (BRK)

Postby winston » Mon Feb 24, 2020 7:27 am

Billionaire Warren Buffett defends Berkshire stock push

Berkshire posted record full-year earnings of $81.42 billion, nearly twice the prior high from 2017, boosted by unrealized gains from its stock investments.

Operating profit, however, fell 3% to $23.97 billion.

The Omaha, Nebraska-based conglomerate ended the year with a $128 billion cash hoard, after repurchasing $2.2 billion of stock in the fourth quarter and $5 billion in 2019.

Berkshire has more than 90 units employing 391,539 people, including the BNSF railroad, Geico car insurer, Dairy Queen ice cream and See's candies; clothing and jewelry companies, and namesake utility and real estate brokerage businesses.

It also invests in such companies as American Express Co , Bank of America Corp and Coca-Cola Co .


Source: The Star

https://www.thestar.com.my/business/bus ... stock-push
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Re: Berkshire Hathaway (BRK)

Postby winston » Wed Apr 01, 2020 10:13 am

Why Warren Buffett Is Smiling Ear to Ear

by Nicholas Vardy

After hitting a peak of $229.33 on February 17, Berkshire's share price tumbled a whopping 29.3% to $162.13 on March 23.

At the end of 2019, Berkshire's stock market portfolio was $248 billion. By March 23, the value of Berkshire's share of the top 10 publicly traded holdings was down by as much as $83 billion.

Berkshire's stakes in Apple (Nasdaq: AAPL), Coca-Cola (NYSE: KO) and Delta fell by an average of 43% between February 20 and midday on March 23.

Berkshire took a $27 billion hit on its Apple stock alone. Delta's shares fell by an astonishing 63%.

The value of Berkshire's Bank of America (NYSE: BAC) stock fell by $15 billion.

The earnings of Berkshire's top 10 stock market portfolio positions in 2019 totaled $8.3 billion.

Meanwhile, Berkshire's earnings from insurance, railroads, utilities and other businesses were far greater, tallying $23.3 billion in 2019.

Put another way... Of Berkshire's total earnings of about $31.6 billion, over 75% comes from companies not listed on the stock market!

At the close of 2019, Berkshire had $128 billion in cash on its balance sheet.

Buffett can put his cash to work in three major ways.

First, Berkshire can buy back its stock. The company has indicated it is willing to spend $100 billion for that purpose, but only when the price is below its "intrinsic value."

In the final three months of 2019, Berkshire repurchased $2.2 billion worth of its stock. That was at a price-to-book ratio of roughly 1.3.

On March 23, Berkshire's price-to-book value dropped below 1 to 0.92. And today it stands at 1.04.

Second, Berkshire's top 10 publicly traded holdings are trading at about 40% off their peaks.

Berkshire's holding time for stocks is "forever." So Buffett is happy to buy additional stock at a lower price, as he did with Delta.

Third, the coronavirus crash offers Berkshire the option to act as a "dealmaker of last resort."


Source: OXford Club
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Re: Berkshire Hathaway (BRK)

Postby winston » Sun Apr 12, 2020 7:52 am

just sold

Berkshire Hathaway Class B (NYSE:BRK.B) shares.

The stock has pulled back about 20% so far this year, and any further declines have to be treated as a buying opportunity.

Warren Buffett is sitting on a cash pile of more than $125 billion to put to work as prices decline.

Buffett recently said that “Just like being a net buyer of food, I expect to buy food the rest of my life, and I hope that food goes down in price tomorrow. When stocks go down, we’re going to be buying on balance.”

Further declines would give him a chance to put that cash to work and prices that should lean to huge gains going forward.

Not only do you own a piece of the portfolio of publicly traded stocks that Berkshire owns that includes best-in-class companies like Coca-Cola Co. (NYSE:KO), Visa Inc. (NYSE:V) and Apple Inc. (Nasdaq:AAPL).

The operating businesses owned by the conglomerate include some of the greatest companies in the world like Geico, Berkshire Hathaway Energy, and Burlington Northern Santa Fe.

When the economy is back on track, I fully expect to see the price of Berkshire Hathaway recover and go on to new all-time highs.

Source: Daily Trade Alert
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Re: Berkshire Hathaway (BRK)

Postby behappyalways » Sun May 03, 2020 9:58 am

Warren Buffett says Berkshire sold all its airline stocks because of the coronavirus
https://www.cnbc.com/2020/05/02/warren- ... virus.html


Warren Buffett built up cash and bought only small amounts of stock during the market rout
https://www.cnbc.com/2020/05/02/warren- ... -rout.html


ere’s a full recap of Warren Buffett’s newsmaking comments at Berkshire Hathaway’s annual meeting
https://www.cnbc.com/2020/05/02/warren- ... dates.html


Berkshire Hathaway Annual Shareholders Meeting Highlights
https://finance.yahoo.com/news/berkshir ... 26594.html
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Re: Berkshire Hathaway (BRK)

Postby winston » Sun May 10, 2020 7:03 am

not vested

If You Want Buffett-Like Returns, Buy This Stock

by Wayne Duggan

Berkshire reported $5.9 billion in operating profit in the first quarter, or about $3,619 per class A share.

Berkshire also has $137.3 billion in cash.

Assume a 10% decline in 2020 operating income and applied 11 times pre-tax multiple to Berkshire’s A-class shares. After adding in the company’s cash position, he arrived at a $373,000 price target. For us plebeians that own B-class shares, that translates to $248.66, or about 41% upside.


Source: Investor Place

https://tradesoftheday.com/2020/05/09/i ... his-stock/
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Re: Berkshire Hathaway (BRK)

Postby winston » Fri May 15, 2020 1:28 pm

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Eight Stocks Give Warren Buffett A Headache (They're Not Airlines)

by MATT KRANTZ

Berkshire Hathaway is down $13.6 billion just on one stock this year: Bank Of America. The bank's brutal 41% drop this year hurts as Berkshire Hathaway owns nearly 11% of the company.

Wells Fargo is down even more: 58%. That's wiped nearly $11 billion from Berkshire's portfolio.

And then there's American Express (AXP), off 37%, costing the portfolio nearly $7 billion.

Six of Berkshire's worst eight losses are all financials.

Berkshire Hathaway holds 17 publicly traded financials. That's more than any other sector in the portfolio.

And Berkshire Hathaway's public holdings in financial stocks account for a third of his portfolio.

In contrast, the financials sector accounts for just 13% of the S&P 500 and just 19.5% of S&P 500 value indexes.

Coca-Cola is down twice that of the sector, 21%, this year. Buffett owns 9% of the company so the drop bubbles into a $4.6 billion loss this year.



Source: IBD

https://www.investors.com/etfs-and-fund ... yptr=yahoo
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Re: Berkshire Hathaway (BRK)

Postby behappyalways » Sat May 16, 2020 7:00 pm

Berkshire sells majority of Goldman stake, trims JPMorgan
https://www.businesstimes.com.sg/bankin ... s-jpmorgan
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Re: Berkshire Hathaway (BRK)

Postby winston » Thu Jul 02, 2020 8:11 am

not vested

It's the businesses in the background

(Berkshire Hathaway): 95% of the time, the investment thesis in Berkshire Hathaway has been "invest in Warren Buffett: he knows what he's doing". What that investment thesis tends to focus on an awful lot, though, is the company's portfolio of stocks.

Outside that stock portfolio, though, is a powerful, diverse set of owned businesses that, to me, make Berkshire incredibly attractive right now.

Naming all of Berkshire's businesses here would take up all the space in this article. The portfolio ranges from defensive businesses like utilities and insurance; cyclical businesses with wide moats such as railroads and industrial manufacturing; construction; retail; real estate; and consumer products.

These businesses throw off tons of cash. Over the trailing 12 months, Berkshire's businesses generated $37.9 billion in operating cash flow -- operating cash flow excludes gains and losses from the investment portfolio. Add in some equity gains, and it has generated $22 billion in free cash flow over that time period.

What makes these businesses even more compelling right now is that they only comprise about one-quarter of the company's market capitalization. So underneath that giant pile of cash and stock investments is a set of businesses generating cash and valued at only 2.8 times operating cash flow.

Yes, it can be a little frustrating to see Buffett sit on that giant pile of cash and U.S. treasury bonds, and even more frustrating that there is zero consideration of returning any of that to shareholders.

That said, there are immense opportunities to grow the portfolio, and there is an amazing collection of businesses fueling that portfolio.

Source: Motley Fool
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Re: Berkshire Hathaway (BRK)

Postby winston » Wed Jul 22, 2020 11:26 am

not vested

Berkshire Hathaway reports $489m Q1 reinsurance loss, $55.5bn investment loss

2nd May 2020

by Steve Evans

Source: Reinsurance News

https://www.reinsurancene.ws/berkshire- ... ment-loss/
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