Buffet used the waiver to accumulate his initial 10% interest in PSX.
Not necessarily. Warren said he got an answer to his takeover proposal to CEO of Burlington Northern in just 15 minutes.
$108--$112 per share
After hours huge.
Warren can buy this company for $106 per share knowing it will be worth $150 in two years.
Share price will not get much cheaper. Too much support from Berkshire and PSX stock repurchase program. Yield is incredible and too high for Warren to pass up.