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Berkshire Hathaway Inc. Message Board

  • douffas douffas Dec 6, 1998 8:29 AM Flag

    predictions

    * Berkshire will replace General Re in the S&P
    500 on 18 Dec 98.

    * General Re will not trade
    below 230 per share again.

    * Berkshire has sold
    at least 40% of the Citigroup (Travelers) shares it
    held on 31 Dec 97, but will buy back into Citigroup at
    prices under $40.

    * Republicans would lose
    another 80 seats in the House of Reps if an election were
    held today.

    * Berkshire's next significant
    transaction will be the purchase of a company with a market
    cap of less than $750 million, trading at 10-12 times
    earnings, with net cash flow of at least $40 million
    annually.

    (the above statements are not necessarily
    personal convictions but my feeble attempt to return the
    discussion to something of general interest)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 1. Impeachment will move forward on the narrow
      issue of perjury.....and the Dow won't like it one
      bit.2. WEB will buy into the technology
      sector.......dare I say internet?.........this thing is just
      getting too big to ignore.3. Legalized gambling revenues
      will decline nationwide, much to the concern of state
      treasuries who have become dependent on
      them.......the"new"casino gambling of the 21st century is on-line day
      trading......its growth will make the speculation of the Roarin'
      20s look like penny ante poker. 4. The beat will go
      on..........

      • 1 Reply to bobo21029
      • "1. Impeachment will move forward on the narrow
        issue of perjury.....and the Dow won't like it one
        bit."
        Impeachment will likely be gone from the scene by New Years.
        It is a total farce at this point, and the markets
        know it!

        "2. WEB will buy into the technology
        sector.......dare I say internet?.........this thing is just
        getting too big to ignore."
        WEB might be interested,
        but only in AB's "consumer monopolies", and only at
        bargain prices. Not here, not now.

        "3. Legalized
        gambling revenues will decline nationwide, much to the
        concern of state treasuries who have become dependent on
        them.......the "new"casino gambling of the 21st century is
        on-line day trading......its growth will make the
        speculation of the Roarin' 20s look like penny ante
        poker."
        Perhaps, as the day traders have made their appearance in
        BRK! Seriously, gambling will create a few "consumer
        monopolies", but I think Mr. Buffett will stay away, as he did
        with cigarette companies.

        re: Pepsi
        - Frito
        Lay is a consumer monopoly. Pepsi-Cola is not. When
        they separate, Frito Lay may be a candidate for
        ownership (price, price, price)

        re: not caring about
        intrinsic value
        - Investors must care about (present and
        future) intrinsic value of their holdings, as the basis
        of their decision to invest. Accolytes and cultists
        are free to cast off this concern. Their money is at
        serious risk, of course.

 
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