Dope. Uncle Warren doesn't have to "get me out this". My basis in OB is over $2 below where we are now, and I've collected about a 5.5% dividend along the way. And with OB closing in on a hew high possibly….we are ar $16.30…..perhaps the nervous one is you.
Oh, shut up.
shut up. at least greensnot makes a little sense.unlike u loza. what r u going 2 do if uncle warren buys OB or Wtm. watch leave it to tally. pimp
There is logic to Buffet perhaps wanting WTM. A buyout of WTM also get's him 76% of OB shares and about 20% of all SYA shares. Buffet already owns 17 million SYA shares. WTM also owns 17 million SYA shares. If Buffet buys WTM, he goes to owning 34 million SYA, or about 40%….and 76% of OB. Since both SYA and OB woudl rise on a Buffet halo of he move on WTM….it is very logical that Buffet woudl buy as much SYA and OB as he could before.
BOTH SYA and OB have been unusually strong - and one way…up. Check out SYA today. But since Buffet owns so much SYA already..any buy of SYA shares by him would necessitate that he file a form 4 with the SEC 3 business days after any SYA purchase. So watch SYA. if you see Buffet increasing his SYA stake….it's a clue he is after something else too. But who knows what Buffert thinks. he might have no interest in WTM..but someone is buying WTM, OB and SYA.
Thanks for your reasoned comment. Sure beats the drivel that Hugh J. posts. WTM and OB does not look like the elephant that Buffet is hunting; but I guess he can walk and chew gum at the same time.
I disagree that OB is too small for Buffet. You're right that Buffet probably wouldn't get OB as a single entity………but it could make sense that Buffet takes all of WTM and get's 75% stake in OB along the way. if you state that OB is too small for Buffet to own, then why does Buffet own 17 million shares of SYA?? humm? You also will notice that WTM also ownes 17 million shares of SYA. A buyout of WTM woudl give Buffet 34 million combined shares of SYA…….just under 40%?? And give him 76% control of OB……OB has some interesting new products that could expand VERY VERY fast, if they have the capital. - WHICH BUFFET DOES. I think OB's new Crop Insrance division would be attractive to Buffet. A huge market. His capital and his name……..it would grow extremely fast. Same goes for the Municipal Bond insurance investment WTM has thru BAM. That would also be very interesting to Buffet. WTM has a good reinsurance company, Sirius….WTM has numerous insurance related venture capital investments…WTM owns a $36 billion money manager…….White Mountain Advisors.
I think ALL of WTM would be of interest to Buffet…it is the SMALL pieces that WTM owns that would look good to him - combined…..and small pieces… from to BIG pieces. Buffet is VERY WELL AWARE that WTM took the GEICO competitor "Essurance" from nothing..to selling it to Allstate for $1 BILLION. Esurance competes directly with GEICO. So Buffet will not poo-poo ANY venture investments by WTM in the insurance area. WTM did very well. I think it is a BIG mistake to poo poo ANY investment idea for Buffet… if it is "too small". Again, WHY would Buffet own 17 million shares of SYA? Your thesis falls apart. Buffet SYA stake is worth a tiny $383 million. But you insist that is "too small" for Buffet? Then why does Buffet own SYA?
The new insider director is Patrick Theile, CEO of PartnerRe from 2000- 2010. Over the past 10 years, PartnerRe stock roughly doubled and quarterly dividend went from $1.36 annual rate to $2.68. Since Theile recently bought OB stock in low $15's (open market) perhaps some of his old happy stake owners followed suit. A long-term double play is OB paired with BCRH.
OB is acting very strong. Not sure what's up. Float is somewhat tight because WTM owns 75% and others hold OB fiorm because of the 5.4% dividend. Todays action, up, themn a whack fdown on Russia & Ukraine news.tanking overall market…..but teh buyer took in all in on way down then ran it right back up. Someone wants OB. Don't know if it is Buffet's style..but maybe. This new crop insurance division OB started is doing very well……..Buffet might like that area.
A deal with Wtm and OBI is dependant on Malfart taking a bath and getting the help he needs. stock could go to 20 per share. grab the ivory soap razor brain.drink the cool aid,give some to turdman and lurch
Notice how the stock price responded when Pat Thiele filed a form 4 report to the sec today. He knows the business and has a successful record in the insurance field. I think we should factor that into our buy/hold decision. I am holding on a fully invested position.
Turdzilla, you and Lil Paul ought to be real proud of the results. I think imbeciles probably could have done better. give it up Turdly Mike, sooner or later inbred city will figure you out also. I dare your nephew to respond.