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United Parcel Service, Inc. Message Board

  • gdtookq gdtookq Nov 15, 2012 8:49 PM Flag

    Buffett’s Berkshire Hathaway Makes Some Huge Changes

    Buffett’s Berkshire Hathaway Makes Some Huge Changes to Its Portfolio
    By Emily Knapp | More Articles
    November 15, 2012

    In the world of investing, Warren Buffett is king, so when his Berkshire Hathaway (NYSE:BRKA) dumps almost all of its stakes in two major Dow players, investors sit up and take notice.

    Berkshire has all but eliminated its position in Johnson & Johnson (NYSE:JNJ) and General Electric (NYSE:GE), according to its 13-F filing with the Securities and Exchange Commission. The company held just over 492,000 shares of J&J as of September 30 — that’s down 95 percent from the 10.3 million shares it reported holding as of June 30. Berkshire’s GE stock has been slashed to 588,900 shares, down 88 percent from just north of five million shares three months earlier.

    Berkshire significantly decreased its holdings in United Parcel Service (NYSE:UPS), ...

    (Entire article too big too fit here)

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    • [[[" Yeah well, he who laughs last, laughs best. If you had bought your UPS shares in 2009 like Mr. Buffet, (that's when you remember hearing about a good long term investment), you could have bought them somewhere in the mid forties to low fifties. Last week when Buffett unloaded, the share price was in the seventies. Not bad for a few years (that IS a long term investment) of safe returns from dividends when interest rates have tanked! You have to understand that the metrics of investing are about to change dramatically after the first of year. I can see taxes on capital gains and earned interest going up by quite a bunch and I'm certain Mr. Buffett sees the same thing, only on a much larger scale. He's getting out now while the market is still somewhat asleep at the wheel. Did you have any GE or J&J lifers telling you anything a few years ago?"]]]

      You are an idiot, Ronsright. Buffet was buying during 2006 in the 60s when UPS lifers here were all giggles about it.

      The idea espoused by Buffet and parroted by UPS lifers was that it was a long term investment based on quality management at UPS. So much baloney... so many idiots willing to lap it up.

    • UPS delivery system totally destroyed a replacement crystal wine glass. (Package looked like it had been dropped kicked all the way to my house.) Its complaint department was totally unhelpful telling me to go the original vendor which they then subsequently ignored. Ergo, as an efficiency measure for UPS, that department could be eliminated as those "clucks" are totally worthless.

      Additionally, I've rated this stock a buy because any company that screws me over usually goes up.

      Sentiment: Buy

    • Berskhire dumping 77% of UPS holdings is probably a buy sign. (wink)

      I remember UPS lifers here telling me years ago that the news of Berkshire buying UPS shares was further proof of how great a long term investment UPS is. I had a lot of fun laughing at such nonsense. Hahahaha.

      • 1 Reply to mr_good_stocks1
      • Yeah well, he who laughs last, laughs best. If you had bought your UPS shares in 2009 like Mr. Buffet, (that's when you remember hearing about a good long term investment), you could have bought them somewhere in the mid forties to low fifties. Last week when Buffett unloaded, the share price was in the seventies. Not bad for a few years (that IS a long term investment) of safe returns from dividends when interest rates have tanked! You have to understand that the metrics of investing are about to change dramatically after the first of year. I can see taxes on capital gains and earned interest going up by quite a bunch and I'm certain Mr. Buffett sees the same thing, only on a much larger scale. He's getting out now while the market is still somewhat asleep at the wheel. Did you have any GE or J&J lifers telling you anything a few years ago?

 
UPS
95.30-1.47(-1.52%)Sep 4 4:01 PMEDT