Big 4? One should also include BAC because we're in control of 700 million shares via a convertible worth about $11.5 billion.
You need to add another $5000/share to BRK's book value due to the HNZ/KRFT deal that should be completed in the 3rd quarter.
Yes the share count would drop but so would our book value. Does the term spinning your wheels meaning anything to you? That's the case with most companies but IBM is buying back stock at only 10 times free cash flow and l10 year treasuries are yielding less than 2%. I believe that in their case they're creating value for shareholders that wish to stick around.
Reports Q1 (Mar) earnings of $1.21 per share, $0.07 better than the Capital IQ Consensus Estimate of $1.14; revenues rose 6.7% year/year to $3.13 bln vs the $3.36 bln consensus.
"Revenues experienced some headwinds due to the effects of the strong dollar on our international work, which comprised nearly 40 percent of our revenues this quarter. We maintain confidence in our guidance for the year supported by the continuing development of LNG projects in North America, petrochemical developments on the Gulf Coast, combined cycle power plants in the U.S., and consistent margin performance from our operating groups."
Under 50 again.
They now have less than 85 million shares verses 100.8 million last year.
They eliminated the dividend so they could use the cash to buy back more shares and they're succeeding.
DIAGEO PLC ---DEO, I took a 1% position in this stock today in IRA #2. It's currently trading at a 15% premium to its three year low and has a dividend yield over 3%. Note- the dividend is semiannual.
"The Coca-Cola Company today unveiled the world’s first PET plastic bottle made entirely from plant materials at the World Expo - Milan. PlantBottle™ packaging pushes the boundaries on sustainable innovation by using groundbreaking technology to create a fully recyclable plastic bottle made from renewable plant materials. "
This will be a very high leveraged company as a result of the acquisition of LO, therefor there's no chance of a special dividend.
I sold more call options against RAI today to hedge my LO shares that will be converted Friday.
Discover Bk 0.75% CD 01/03/2017
Low interest rates are crushing option premiums. If you could earn 4% on two year CDs I'm sure the returns for selling puts against BRK would be much higher. If we live another 10 years perhaps we'll see interest rates go up a few 100 basis points.
that was resolved quickly.
"Energy Transfer Partners Announces Seventh Consecutive Quarterly Cash Distribution Increase."
"Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its Board of Directors has approved a $0.02 increase in its quarterly distribution to $1.015 per ETP common unit ($4.06 annualized) for the quarter ended March 31, 2015.
The quarterly distribution of $1.015 represents a distribution increase of $0.32 per common unit on an annualized basis, or 8.6%, compared to the first quarter of 2014 and represents an annualized distribution increase of $0.08 per common unit compared to the fourth quarter of 2014. This marks the seventh consecutive quarter that ETP has raised its distribution. The cash distribution will be paid on May 15, 2015 to unitholders of record as of the close of business on May 8, 2015."
Every quarter they raise the dividend.
Book value, a measure of assets minus liabilities, jumped to $80.16 per share as of March 31, from $77.69 at the end of December. The company repurchased about $1.4 billion of stock in the first quarter and another $800 million this month
AIG now trades at 56.