Warren Buffett won't buy anything that is worth less then 75 million. Nice try with your pump
My guess is it is a combination of valuation and supply & demand. The smart guys who are honest with themselves probably believe that BRK is trading at a fair, or even high, P/BV ratio. Every time a dumb bunny shows up and offers to buy a share at a slightly higher price the smart guys jump at the opporunity to sell that poor sucker their shares. Very simply, the supply of shares that the smart guys would love to unload (sell) exceeds the demand created by the naive, unsophisticated buyers. JMO.
Because the stock you're trying to pump is under 50 million . Buffett doesn't buy speculative pharma. If you have any knowledge of Buffett , ELTP will never be bought by Buffett.
Nice... Funny this was the laggard in my protfolio..... Should be getting to fair value soon...
Sentiment: Strong Buy
People were nervous because of tapering , syria & the fact that Berkshire has gone from around 90-119.30 in a year. People took a little off. The fact that Hurricane season hasn't been bad so far, and Syria is now on the back burner .Berkshire is less than 5 % from it's alltime high too which hardley qualifies as being stalled .
This is just a test of new account, please disregard.
Sentiment: Strong Sell
Buffett would not even look at a Pharma company,too hard to predict long term value.His stock portfolio guys don't either.Take your posts to another board.
Downside is Don Yacktman is 72 years old. He may retire any day. He probably has a great team, but at end of day, he makes the big decisions.