This stock will be going through the roof. With the insurance business great and the housing recovery in place, not to mention a whole stable of blue chip companies, this conglomerate is the stock to own. I've owned it since the 50 for 1 split and never regretted it. As a matter of fact, I added more today.
How is the insurance business great, Irmy? The ROE sucks! It's one of the reasons why the vaunted price-to-book ratio has fallen over the past several years. And the biz is not going to get any better soon -- rates in the insurance and reinsurance markets are not moving high enough yet to produce the kinds of returns investors need.
I totally agree with you. So have I. BRK-B has broken through resistance at $90 and the path should be upward to $120. Have a healthy and prosperous 2013. Congratulation to all the longs on this board. Your patience has been rewarded!
I have high hopes for this stock in 2013. Buffett still at the steering wheel and even at his advanced age, seems to be a very competent gentleman.
Can you imagine what this stock and the BRK'A stock would advance to, should Warren break all his vows of no dividend for his loyal investors? With the millions Warren personally receives on his investments sharing some of the coffers in the form of a dividend, which I believe a large percentage of investors would re-invest into the same stock.
Some investors reply they do not want a dividend for tax reasons! In a personal vein, I would still keep my investments in this stock, and when and if I sell my shares, I would be happy to pay capital gains. Maybe Warren has personal reasons for not declaring any dividends, however, being an investor, I can only hope that maybe he will have a change of mind in 2013.