Berkshire Hathaway (BRK)

Re: Berkshire Hathaway (BRK)

Postby millionairemind » Thu Jul 23, 2009 6:53 am

Buffett’s Berkshire Hathaway Reduces Moody’s Stake (Update1)
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By Erik Holm

July 22 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. lowered its stake in Moody’s Corp. by 17 percent after the billionaire chairman said he doesn’t rely on the ratings firm in making investment decisions.

Buffett’s firm sold about 8 million shares of the ratings firm on the open market this week, his Omaha, Nebraska-based company said today in a regulatory filing. Berkshire still holds about 40 million shares, or about 17 percent of the outstanding stock, the filing said.

“We do not think the people of Moody’s, Standard & Poor’s, Fitch or anyplace else should be telling us the credit rating of a company,” Buffett said May 2 when Berkshire had its annual meeting. Buffett, who is also chief executive officer of Berkshire, said he still believes that assigning ratings to debt “is a good business.”
http://www.bloomberg.com/apps/news?pid= ... aR.E21VRTc
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Re: Berkshire Hathaway (BRK)

Postby kennynah » Thu Jul 23, 2009 1:24 pm

moody's must have 得罪 the man...
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Re: Berkshire Hathaway (BRK)

Postby winston » Mon Aug 31, 2009 1:52 pm

In the latest issue of Bloomberg Magazine, there's a very good article on Paul Desmarais Senior. Unless you are a Canadian or knows Canada well, you will not know who is..

Anyway, he's a very low key billionaire and his Power Corp share price has beaten Bershire Hathaway over the last 15 years ..
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Berkshire Hathaway (BRK)

Postby kennynah » Mon Aug 31, 2009 2:56 pm

the bird was flying amidst the clouds when the weather took a very sudden change... that bird was not able to evade quickly enough and fell to the ground after it was struck by lightning...

the bird fell onto a pile of fresh dunk... smelly as it was was, she was still very happy to have survived the fall without so much as a broken bone... so, it started chirping...

and then..... along came a cat that ate it....


moral of the story... it is better to be quietly happy...
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Re: Berkshire Hathaway (BRK)

Postby winston » Wed Sep 09, 2009 11:12 am

Again, no need to worry lah. Peter Lynch says that insiders sell for various reasons :P

=========================================

Berkshire Sells 800,000 Shares of Moody's

OMAHA, Neb. -- Billionaire Warren Buffett's company has sold another 794,388 shares of Moody's Corp. stock, leaving it with control of 16.6 percent of the credit rating agency.

Berkshire Hathaway Inc. revealed the sales in documents filed with the Securities and Exchange Commission on Thursday.

Earlier this summer, Berkshire sold nearly 8 million shares of Moody's stock.

The latest sales were completed earlier this week at prices ranging between $26.30 and $27.74 per share. As of Wednesday, Berkshire held 39.2 million Moody's shares.

Berkshire has reduced its stake in Moody's considerably since March 31 when it held 48 million shares, just before Moody's cut Berkshire pristine triple-A credit rating.

Berkshire officials do not typically comment on stock transactions, and no one was available Thursday evening.

http://moneynews.newsmax.com/investing/ ... 56568.html
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Re: Berkshire Hathaway (BRK)

Postby millionairemind » Sat Oct 31, 2009 9:54 pm

October 31, 2009, 11.08 am (Singapore time)

Berkshire lowers stake in Moody by 2.9%

NEW YORK - Investor Warren Buffett's Berkshire Hathaway Inc sold 2.9 per cent of its holdings in debt ratings agency Moody's Corp this week, raising US$28.7 million in the transaction, according to a regulatory filing on Friday.

The move follows another reduction in Berkshire Hathaway's stake in Moody's in July, when it cut its stake to 16.98 per cent from 20.4 per cent.

Omaha, Nebraska-based Berkshire sold 1.15 million shares, leaving it with 38.07 million, according to the filing, still making it Moody's largest shareholder by far.

Moody's and its main rival McGraw-Hill Cos' Standard & Poor's were hit hard by a slump in debt issuance during the recession.

Moody's and other ratings agencies came under fire for assigning high ratings to mortgage-related securities that later defaulted. -- REUTERS
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Re: Berkshire Hathaway (BRK)

Postby iam802 » Wed Jan 20, 2010 8:38 pm

Berkshire Hathaway Stock Split Could Put Warren Buffett Into the S&P 500

http://www.cnbc.com/id/34945236
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Re: Berkshire Hathaway (BRK)

Postby iam802 » Wed Jan 27, 2010 11:48 am

Berkshire will replace BNSF in S&P stock indexes
http://finance.yahoo.com/news/Berkshire ... 0.html?x=0


Isn't it great?

S&P index has a Berkshire.

Will Berkshire be a good proxy indicator of economic activities?
1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Berkshire Hathaway (BRK)

Postby millionairemind » Fri Jan 29, 2010 8:52 am

Published January 29, 2010

Berkshire surges after joining S&P 500 Index

(NEW YORK) Warren Buffett's Berkshire Hathaway rose the most in nine months after the company's selection for the Standard & Poor's 500 Index put its stock within reach of money managers with about US$1 trillion in assets.

The Class B stock, which shareholders voted to split 50- for-one last week, jumped US$3.36, or 4.9 per cent, to close at US$71.36 in New York Stock Exchange composite trading on Wednesday.

The Omaha, Nebraska-based company will replace Burlington Northern Santa Fe Corp in the index after completing a planned takeover of the railroad, S&P said in a statement on Tuesday.

Mr Buffett split the shares as part of the US$26 billion deal to acquire the Fort Worth, Texas-based railroad. That brought Berkshire's stock below US$75, making shares available to a larger group of investors and increasing the trading volume. Mr Buffett told investors at a Jan 20 meeting that joining the S&P 500 may prompt index-tracking fund managers to buy up to 7 per cent of Berkshire.

'There's going to be tremendous buying demand because of this inclusion,' said Glenn Tongue, a partner at T2 Partners, which owns Berkshire shares. 'That's a catalyst for the stock.'

Funds that track the S&P 500 have about US$1 trillion in assets, according to David Guarino, a spokesman for S&P in New York.

Wednesday's trading boosted the value of Mr Buffett's personal Berkshire stake, which includes Class A and Class B shares, by about US$2 billion.

The company has gained 7.1 per cent since the share split was approved on Jan 20.

'There's Buffett, who's proven he's smarter than anyone else,' said Peter Sorrentino, a senior portfolio manager at Cincinnati-based Huntington Asset Advisors, which oversees US$12.8 billion. Berkshire 'is a stock that belongs in the S&P 500'.

Mr Buffett, the 79-year-old Berkshire chairman and chief executive officer, is welcoming a broader base of investors to the firm he built in the past four decades.

Traders and equity analysts have long paid Berkshire less attention than other companies of similar size because of its elevated share price and relatively stable investor base, led by Mr Buffett who owns roughly a quarter of the stock. Berkshire's Class B shares traded as high as US$3,340 the day before the split took effect.

Berkshire's Class A shares rose US$5,249 to US$107,000. The firm, which is valued at about US$166 billion, has advanced more than 10-fold over the last two decades. -- Bloomberg
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Berkshire Hathaway (BRK)

Postby millionairemind » Mon Feb 08, 2010 2:18 pm

February 8, 2010
Panama Canal revamp boosts China and puts Buffett bet at risk

http://business.timesonline.co.uk/tol/b ... 018468.ece
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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