Understood. That's why I've been patient so far. But seven months is reaching the lower end of what I consider "long term"; that's why I'm getting concerned.
Then add to that, IBM. It would take an enormous (and unexpected IMO) change to turn that thing around. Yeah, new chip, Watson, blah blah. Maybe I'm wrong, but I still see IBM as a dinosaur waiting to share the dinosaurs' fate.
Coke - people are buying less sugar water these days. Yes, Coke has diversified, but they are still highly dependent on increasingly expensive advertising, and anticompetitive exclusive distribution chains, which could come under attack. I don't see them growing much, and I don't like the excessive executive compensation (same as for IBM).
Amex has headwinds for sure. They could turn around. I think they have the best chance of the three that I mentioned. But it will be tough.
So yeah, I might be wrong. I'm certainly no market whiz. But a continuous seven-month drop is hard to ignore, as is failure to keep up with the SP500.
Very well stated. This is not a stock for speculators with a short-term perspective and instant gratification mentality. Last year when Q2 earnings were about to be announced the B stock was trading at about $122/share and in four short months had increased to $152/share, for a 25% increase. Good chance of that happening again this year for those trying to time the market, but I believe the vast majority of Berkshire shareholders are long-term investors.
How about a divy to take away the short term pain while we wait and wait and wait for some long term gain?
I know, Warren knows best and it ain't happening until he ceases to be Charlie Munger's wing man.
Hi there, I can agree on one thing only, BRK-B is down approx. $11 since last Dec. However Berkshire is not to be viewed in the short term and just looking at a few individual stock holdings, in fact if you take the entire BRK stock holdings they are up in the 2nd quarter, that's the advantage of diversification. However also on the plus side is the effect in the 3rd quarter when the ownership in Kraft-Heinz is included as the increase in value over the investment is substantial. Also lets not forget the unrecognized gain on BAC which currently stands at approx. $8 billion so to view BRK on the likes of IBM, KO and AXP is really doing it a disservice not to mention the potential (and historical) upside trend. One needs a long term view with Berkshire and a good deal of patience however history has shown that patience has delivered great results. BRK is not a traders stock. cheers and good luck.
Sorry to say it, but this thing sux. With "investments" like KO, IBM, and AXP, how could it possibly be doing well?
The railroad was great. Insurance is doing OK. Everything else is so-so at best. But Berkshire owns too much Coke to dump it. And they're heavily into IBM and Amex, so can't sell without taking big losses.
It looks like Berkshire really has gotten too big to manage.
Does he say when we get earnings info? and where do we find this info that knows what they are talking about @rev. Give, and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give into your bosom. For with the same measure that ye mete withal it shall be measured to you again.
The collection plate indicater flashed a strong buy signal last sunday!! Show up sober with ya face washed an ya hair combed an a clean pair of underwear on plus polish ya brogans!!!
Ps--The lord says tha more you give tha more ya get!!!!
Sentiment: Strong Buy
How do you find up to date info on Berkshire earnings, first Yahoo fin. showed it on the 30th then Etrade showed it being 7-31. I have had this trouble for several quarters.
Anyhow when skinny volume shows up prior to the earnings release it means there has been no leak!!!
If Mr Bluffet caught some rascal leaking info he would throw em into tha hog pen an let tha hogs eatem up!!!
Ps--Sicem Mr Buffett
Sentiment: Strong Buy