This is only true if you believe the EMH. It is still only a theory and I wouldn't make absolute statements. Also calling someone a name is not indicative of someone who has gone to school themselves.
With Peabody finally falling to chapter 11 .
What will it mean ? it was the last leg standing in the collapse of Coal .
Obama has touted we have closed over 100 coal fired plants, when you close that many Power Plants you can blame it on Nat Gas. As the reason ,But Now as you don't won't the blame for the coming economic collapse this administration has enginered, with the so called science that Obama has never produced for his reason in the war on coal . Similar to Bush and WMD.
BNSF has laid of how many over 4600 idled hundreds of train sets
Same At Union Pacific
Caterpillar over 10,000 lay offs and counting
U.S. Steel closed another still mill layoffs
The Coall mines over 40,000 out of work last several years and growing daily
This will impact the economy .
Mr Buffet BNSF purchase then capitolization, seems odd as he throws his political support behind the party that drives the rails number 1 revenue producer off the cliff with the war on coal , he supports Hillary. As she just weeks ago said I will kill coal. What will the railroads do with all that idled equipment.?
The company is not a growth company. It is a value company. If it were a growth company it would have the same problem Apple has: too big to grow much!
Dude, you could not be more wrong!
Target buys close to, or modestly above, 1.2X book.
Buffy wrote, page 37 of the 2014 Annual Report:
"If an investor’s entry point into Berkshire stock is unusually high – at a price, say, approaching double book value, which Berkshire shares have occasionally reached – it may well be many years before the investor can realize a profit. In other words, a sound investment can morph into a rash speculation if it is bought at an elevated price. Berkshire is not exempt from this truth.
Purchases of Berkshire that investors make at a price modestly above the level at which the company would repurchase its shares, however, should produce gains within a reasonable period of time."
Patience, patience....I know most "Berkies" would rather follow blindly and wishfully but if you take the time to analyze you will find that, at best, this is about 10% growth stock...you'll get to $200 in about 3+ years....and 10% ain't so terrible..better than a savings account or CD....now if you want to beat the 10% you'll have to do some work and analyze the individual stocks making up the Buffet portfolios ... those are the gems you need to research and take a little risk with...and guess what you'll find that you get a nice dividend on many of these.....or just stay "fat, dumb, and happy" and enjoy the 10%.
Stocks are NEVER undervalued, nor over valued. The market prices them right based on known information and known levels of risk ... you need to go to school, rookie.
Which was attended by 40,000 people, and broadcasted live via yahoo finance.
People trading Friday night's SEC filing are morons.
Sentiment: Strong Buy
This stock makes a good long term hold. When it goes high you sell some and wait to use the cash to buy other stocks on the cheap!
They reported last week at the annual meeting. This was already known.
Chris, I misspoke when I said that the company's that Berkshire buys or buys into recently "wants" to lose money. Of course they don't. It just seems that Berkshires latest investments are not helping the goal of shareholders, that is to make a few dollars. Maybe I'm wrong, but paying a dividend, and there are massive dollars available each year might help the share price, which would be a better option for investors. Constantly buying more and more company's when there are no bargains available, as Warren has stated, seems to be in conflict with shareholders. And yes I did know they did not pay a dividend when I bought a few shares.
Head and shoulder pattern is forming, once it closes below 140, the neckline it will move significantly lower