I will try to give him a phone call tonight. Still have some hopes. Maybe you are right, maybe there is a solution.
Now... Why would anyone want to buy this stock?
The "liquidation value", aka conservative value, of BRK, is only 9% less than the share price, as of close today. (assuming that BRK did not make any changes to its portfolio since the annual report came out)
BRKa peaked at 80,000 in July then fell to 60,000.Lancaster is right; that was proportionally the largest (and shortest) drop in BRK's history. But in the last four weeks BRKa has moved up to 65,000-66,000. Just today the Dow was flat but BRKa was +1000 (+1.6%). All this makes the LARGEST proportional REBOUND in BRK's history, i.e. 30%of the decline has been recouped in four weeks. In percentage terms, BRKb has behaved in tandem. So what is the bitch?
OT: Is SURFERJERK's real name and info what he saysit is? Its a common tactic on these BBs to give out an enemy's name, e-mail, phone #, etc. Before anybody goes "after" some "revealed" information, I'd be careful about actual identities--it might be the algebra teacher that flunked SURFER out of the 11th grade.
Well, here's how I calculate it. Feel free to criticize.
1) Take values of securities, at current prices and take # of shares from the 1997 report. 2) Subtract 80% of deferred capital gains tax 3) Add capitalized value of operating businesses at the P/E of 30 4) Add an adjustment for underwriting gain of about 4-7 bil. 5) Add the value of GRN float, assuming that it stops laying off some layers of reinsurance, to arrive to the value of the company after the merger 6) Divide by the # of shares outstanding, postmerger.