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Berkshire Hathaway Inc. Message Board

  • whollykhow whollykhow Mar 21, 2002 12:33 PM Flag

    A Stock for All Seasons

    http://biz.yahoo.com/fo/020321/0321inlwatch_1.html

    "Profit in 2002 should exceed previous peaks by nearly 100% and it's poised to grow from there. Berkshire, which has one of the strongest balance sheets of any company anywhere, is a stock for all seasons, for all markets."

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    • As a Luk shareholder, it is interesting to know that Empire Insurance Company owns 4.8 % of JZ Equity ordinary shares.

    • Being a Luk shareholder, I noticed there Mrs Jordan and Zalaznick. Then, in the last report of Third Avenue Funds (Whitman) they mentionned a new international fund which had at the time bought only 4 securities, one being JZ.L.

      A quick search with Google unearthed a document about the purchase of Safety Holdings by the following investors:

      35.85 % of the common shares to be owned by JZ Equities, 36.35 % by a number of entities known as the "Jordan affiliates", the largest stock holding among them being that of Leucadia Investors Inc at 8.96 %. Then I read somewhere that they bought this insurer for about half the book ...

    • Congrats Mule,

      I'm still pondering if I'll buy some more MM and meanwhile my basis is left north of 4...

      Did you ever have a look at JZ Equity, advised by Jay Jordan and Zalaznick ?

    • I love these discussions when people dis BRK. The great thing about the market is that you get to vote with your money. It just doesn't matter what anyone else says or thinks. It only matters what you think. Its true democracy.

      BTW: for all the debate about BRK's intrinsic value, Warren does a pretty good job of telling you what it is. When he offered to repurchase at 45K he said his standard was he would only repurchase if the stock was trading significantly below a conservative estimate of intrinsic value. You can put your own values on those words but I'd assume that when BRK was trading near forty five K, that instrinsic value was at least 80K and probably 90K "conservatively estimated". Draw your own conclusions.

      • 1 Reply to legal_Nebr
      • "You can put your own values on those words but I'd assume that when BRK was trading near forty five K, that instrinsic value was at least 80K and probably 90K "conservatively estimated". Draw your own conclusions."
        ---------------

        I agree with you. WEB had never offered a repurchase before, in spite of fairly wide price swings in earlier years, and I don't think he would've offered a buyback in 2000 unless the stock was DIRT cheap. Having said that, we've all gotta work within our comfort level.

 
BRK-A
226,500.00-15.00(-0.01%)Dec 26 4:01 PMEST

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