Berkshire Hathaway (BRK)

Re: Berkshire Hathaway (BRK)

Postby winston » Fri Jul 24, 2020 8:05 am

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Berkshire Hathaway buys US$813m Bank of America stock

Warren Buffett’s Berkshire Hathaway Inc. bought roughly US$813 million worth of Bank of America Corp. stock, piling more funds into the lender that’s facing a 31 percent slump so far this year, Bloomberg reports.

Berkshire purchased roughly 33.9 million of the bank’s shares this week, boosting its stake by more than 3 percent to about 981.7 million shares, according to a regulatory filing Wednesday. Buffett’s conglomerate added the shares at an average price of US$23.99.

Berkshire’s Bank of America stake, which started from preferred stock and warrants, has transformed into one of the Omaha, Nebraska-based conglomerate’s largest holdings.

At the end of March, the stake was Berkshire’s second-largest by market value, behind just Apple Inc. Buffett applied last year to the Federal Reserve to get permission to boost the stake in the lender to more than 10 percent, a level that tends to trigger regulatory review.

Source: The Standard

https://www.thestandard.com.hk/breaking ... ica--stock
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Re: Berkshire Hathaway (BRK)

Postby behappyalways » Sat Aug 08, 2020 9:19 pm

Berkshire Hathaway’s profit jumps on market rebound
https://www.marketwatch.com/story/berks ... ewer_click
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Re: Berkshire Hathaway (BRK)

Postby winston » Mon Aug 10, 2020 7:03 am

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Warren Buffett buys back record US$5.1b stock

Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate, CNBC reports.

The company said it repurchased US$5.1 billion worth in stock in May and June. Berkshire repurchased more than US$4.6 billion of its Class B stock and about US$486.6 million in Class A shares.

The share repurchase is the most ever in a single period for Buffett, nearly double the US$2.2 billion the conglomerate bought back in the final quarter of 2019.

In fact, the amount is slightly more than what Buffett spent buying back Berkshire stock in all of 2019. Despite the company’s record buybacks last quarter, the Berkshire’s cash hoard grew to more than US$140 billion.

Berkshire Class A and Class B shares plunged more than 19% in the first quarter and lagged the S&P 500 during the second quarter with declines of more than 1 percent.

Source: The Standard

https://www.thestandard.com.hk/breaking ... 5.1b-stock
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Re: Berkshire Hathaway (BRK)

Postby winston » Mon Aug 10, 2020 7:07 am

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Berkshire Hathaway net soars to US$26.3b, takes US$10b writedown

Warren Buffett’s company reported an 87 percent jump in its second-quarter profit as the value of its investment portfolio increased with the stock market, but it took a roughly US$10 billion write down on the value of its aircraft parts manufacturing business because of the economic impact of the coronavirus pandemic.

Berkshire Hathaway Inc. said Saturday that it earned US$26.3 billion, or US$16,314 per Class A share, during the second quarter. That’s up from US$14.1 billion, or US$8,608 per share, a year ago.

Berkshire said it cut the value of its Precision Castparts unit because of how much the pandemic has hurt air travel and businesses that support that airline industry.

Buffett has long said Berkshire’s operating earnings offer a better view of quarterly performance because they exclude investments and derivatives, which can vary widely.

By that measure, Berkshire’s operating earnings declined by 10 percent to US$5.5 billion, or US$3,420.48 per Class A share, as most of its businesses were hurt by restrictions related to the coronavirus pandemic. That’s down from US$6.1 billion, or US$3,754.83 per share.

The analysts surveyed by FactSet expected operating earnings per Class A share of US$3,182.06.

Berkshire was holding nearly US$147 billion cash and short-term investments at the end of the second quarter, but Buffett did use US$5.1 billion during the quarter to repurchase Berkshire shares.

Buffett also found a way to use more of that cash after the quarter ended. First, he agreed to buy Dominion Energy’s natural gas pipeline and storage business for US$4 billion and take on $5.7 billion of Dominion debt. Then Buffett’s company bought roughly US$2.1 billion worth of Bank of America stock in late July and early August to give it control of 11.9 percent of the bank’s stock.

Berkshire Hathaway Inc. owns more than 90 companies, including BNSF railroad and insurance, utility, furniture and jewelry businesses. The company also has major investments in such companies as Apple, American Express, Coca-Cola and Bank of America.

Source: AP

https://www.thestandard.com.hk/breaking ... -writedown
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Re: Berkshire Hathaway (BRK)

Postby behappyalways » Sat Aug 15, 2020 1:49 pm

Berkshire slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold
https://www.reuters.com/article/us-inve ... SKCN25A2RM
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Re: Berkshire Hathaway (BRK)

Postby winston » Sat Oct 03, 2020 9:34 am

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Just Burlington Is Worth $200 Billion - Berkshire Hathaway Undervalued By 40%

by Sven Carlin

Summary

A fair market value for Burlington would be $200 billion given what other railroad stocks are trading for. Similarly, BHE is worth at least $70 billion.

Summing it all up, BRK's market value should be at least $845 billion and perhaps even more thanks to its quality.

Low debt levels with a business where the focus is not on buybacks for short-term gains, but on compounding earnings, should actually give BRK a higher than average market valuation.

Source: Seeking Alpha

https://seekingalpha.com/article/437728 ... nt=link-10
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Re: Berkshire Hathaway (BRK)

Postby winston » Thu Oct 29, 2020 2:30 pm

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Berkshire Hathaway (BRK.A, BRK.B)

Shares of Berkshire Hathaway, which is heavy on insurance companies, banks, and old economy businesses like railways and utilities, are down about 8% year to date as tech stocks have dominated Wall Street.

That's perfectly fine for the patient and conservative long-term investors, who should view Berkshire Hathaway shares as a way to insulate their portfolio from extreme volatility -- and put some money with the greatest investor of all time.

At the end of last quarter, Berkshire had more than $146 billion in cash on hand available to make opportunistic deals with.

Source: Investor Place
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Re: Berkshire Hathaway (BRK)

Postby behappyalways » Sat Nov 07, 2020 10:33 pm

Warren Buffett’s Berkshire Hathaway bought back a record $9 billion in stock in the third quarter
https://www.cnbc.com/2020/11/07/berkshi ... 0html.html


It appeared nonetheless that Berkshire may have sold some Apple stock in the quarter because the stake should have been a few billion dollars higher, based on previously disclosed stakes, if none of it were sold.

Buffett's Berkshire hurt by pandemic even as Apple boosts profit
https://www.google.com/amp/s/finance.ya ... 27757.html
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Re: Berkshire Hathaway (BRK)

Postby winston » Tue Nov 10, 2020 10:03 pm

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Warren Buffett Just Put $9 Billion Into This Stock

by Matthew Frankel

During the third quarter, Berkshire bought back nearly $9.3 billion of its own stock.

That’s the most Berkshire has repurchased in a single quarter ever, and by a wide margin.

This was on top of the $5.1 billion worth of stock Berkshire repurchased in the second quarter, which was the company’s previous single-quarter buyback record.

Even after the aggressive buybacks, Berkshire finished the third quarter with $145.7 billion of cash and equivalents on its balance sheet.


Source: Motley Fool

https://dailytradealert.com/2020/11/10/ ... his-stock/
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Re: Berkshire Hathaway (BRK)

Postby winston » Fri Nov 13, 2020 11:55 am

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Berkshire Hathaway

While it has a chance of dodging the stocks to sell list, over the next ten years, Berkshire Hathaway will see significant changes.

Chief executive officer Warren Buffett is currently 90 years old. His vice chairman, Charlie Munger, is 96.

Lieutenants Ted Weschler and Todd Combs already are taking more responsibility for Berkshire investments. By 2030, they may be fully in charge. But the threats to Berkshire stock exist no matter who is running the portfolio.

One core threat is simple: Berkshire at this point is simply too big. At the end of the second quarter, Berkshire had over $360 billion in cash and investments. That size limits the company’s investment universe to essentially the largest companies — which also are the most-covered and most-analyzed companies.

It’s exceedingly difficult, if not impossible, to beat the market consistently with such a small pool of companies from which to choose.

Berkshire does have a massive winner in its position in Apple, which literally might be the greatest (or at least most profitable) trade of all-time. Even with that win, however, Berkshire stock has lagged the S&P 500 over the past decade.

Meanwhile, there are concerns in the wholly-owned businesses as well. Notably, by 2030, GEICO might be facing more imminent threats from autonomous vehicles, which presumably would lower demand for automobile insurance. That not only would hit Berkshire profits, but the “float” that provides capital to the investment arm.

Berkshire Hathaway is not going bankrupt. I’d bet Berkshire stock is higher a decade from now than it is at the moment. But returning to the consistently above-market appreciation that shareholders enjoyed for decades will be a tall, and maybe impossible, task.

By 2030, it’s likely the aura that surrounds Berkshire will have shrunk.

Source: Investor Place
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