Recent

% | $
Quotes you view appear here for quick access.

Berkshire Hathaway Inc. Message Board

beachlawyer2003 59 posts  |  Last Activity: Mar 27, 2015 1:10 PM Member since: Jun 7, 2003
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • beachlawyer2003 beachlawyer2003 Mar 27, 2015 1:10 PM Flag

    The most interesting aspect of this deal is not the deal itself, but the way that it is structured. This could certainly be a prelude for future acquisitions by BRK in extracting value from some of our other operating companies. Pretty darn impressive.

  • beachlawyer2003 beachlawyer2003 Mar 18, 2015 11:07 AM Flag

    RE value is the crux of the issue with SHLD. Certain proponents believe the real estate is worth substantially more than current market value of the stock. Most here believe the real estate is worth substantially less. The gap between the two views is enormous.

  • beachlawyer2003 by beachlawyer2003 Mar 13, 2015 2:56 PM Flag

    There are some on this board who seem to spend far more time bashing SHLD that it could ever be worth. It must be eating you up every time the stock price seems to rise from the ashes. In fact, SHLD has been a great stock to trade and will continue to be as long as it is so narrowly owned and controlled by Eddie and his pals.

    Though a little out there, Rocket is more right than wrong about SHLD. Chances of bankruptcy are near -0-, though anything is possible. I wouldn't sell Eddie short.

    The Sears "brand" has been worthless for many years, long before Eddie. Ask anyone who has ventured into a store or tried to use customer service. The value doesn't lie there - not yesterday and not today.

    Who knows precisely what the assets are worth? No one here (me included). My guess is most are far off. The only pertinent question is, are you buying dollars for nickels and dimes?

    Client Number Nine - you seem like a sharp guy; what is your Cols, OH connection?

  • Reply to

    I debated selling everything Thursday afternoon

    by ernstr43 Mar 13, 2015 10:12 AM
    beachlawyer2003 beachlawyer2003 Mar 13, 2015 11:44 AM Flag

    Is it safe to come back to this board yet?

    The poster should read Buffett more carefully, i.e. don't buy on margin, even at historic low rates - particularly if you're going to lose sleep over your investments.

    On an unrelated note, anyone happen to notice that the Canadian dollar is trading a near-historic low rates vs. the U.S Dollar? Granted, nearly every currency is weak vs. the Dollar but it seems that our economies tend to run more or less together, even though Canada's economy has become much more energy dependent, as has our to a lesser extent. Any thoughts on buying the Canadian dollar?

  • Reply to

    LEXCX

    by beachlawyer2003 Mar 5, 2015 12:53 PM
    beachlawyer2003 beachlawyer2003 Mar 6, 2015 12:31 PM Flag

    Certainly not wirth paying a management fee as one could easily buy each holding (just a hunch: this fund won't be purchasing a new position anytime soon). In all likelohood the fund was not established with an organizational restriction to never initiate new positions, so it would be interesting to learn just why no new positions have been purchased in 80 years.

  • Reply to

    My view of berkshire's valuation.

    by sean_erickson2000 Mar 5, 2015 1:25 PM
    beachlawyer2003 beachlawyer2003 Mar 5, 2015 2:05 PM Flag

    Sean,

    I agree with your numbers, but there are other non-quantitative factors that go into valuing BRK. In a nutshell would neither sell nor add to my existing position at current prices. Will probably wait for the next economic (or BRK personnel) crises and hopefully load up ala 2009.

  • beachlawyer2003 by beachlawyer2003 Mar 5, 2015 12:53 PM Flag

    This mutual fund was being discussed on the Chuck's Angel's board. Evidently, the fund has not purchased any new stocks in 80 years. The notion was that it managed to outperform 98% of all other funds in its class in recent times and the issue is whether this is a fund worth owning (and an investment strategy worth pursuing). Its current holdings are either the same, or have evolved from its original holdings. Any thoughts?

  • Reply to

    correction time for BRKA

    by sage533 Mar 3, 2015 10:24 AM
    beachlawyer2003 beachlawyer2003 Mar 4, 2015 11:28 AM Flag

    BV is increasingly meaningless. That was one of Buffett's primary messages. His advice concerning an appropriate price to pay as it relates to BV applies to TODAY'S BV, not the BV of the future. There will come a time when paying 2X BV for shares of BRK will be ridiculoulsy cheap.

  • Reply to

    as of today i doubt ginnys name

    by hjclasvegas6969 Mar 1, 2015 8:43 AM
    beachlawyer2003 beachlawyer2003 Mar 1, 2015 9:11 AM Flag

    Brky, H has a pretty good track record if you go back in time. His recent picks have been off but I smell a comeback.

  • Reply to

    as of today i doubt ginnys name

    by hjclasvegas6969 Mar 1, 2015 8:43 AM
    beachlawyer2003 beachlawyer2003 Mar 1, 2015 9:06 AM Flag

    Morning, H. Name any company that has been around as long as GM, IBM, Sears or U.S. Steel that has not fallen onto hard times. Someday [hopefully long] after Buffett is gone, someone will be writing the same sad ephitat about Berkshire.

  • Reply to

    Opening price on monday

    by zwartsjaak Feb 28, 2015 3:17 PM
    beachlawyer2003 beachlawyer2003 Feb 28, 2015 4:24 PM Flag

    Key word is "superficial". Reminds me of when Mariano Rivera closed for the Yankees. He walked the first two batters in the ninth inning and he was superficially in trouble. The final outcome never changed.

  • Reply to

    Opening price on monday

    by zwartsjaak Feb 28, 2015 3:17 PM
    beachlawyer2003 beachlawyer2003 Feb 28, 2015 4:01 PM Flag

    Is there anything newsworthy in the AR that may move the price one way or the other?

  • Reply to

    BINGO he gets it, better late than never ??

    by hjclasvegas6969 Feb 28, 2015 8:12 AM
    beachlawyer2003 beachlawyer2003 Feb 28, 2015 12:11 PM Flag

    H, there is nothing new in this entire AR. A bit disappointing given the buildup.

  • beachlawyer2003 by beachlawyer2003 Feb 27, 2015 11:16 AM Flag

    Anyone here thinking about buying or selling in anticipation of the AR? My take: Buffett will probably remain true to form and downplay future prospects, at least relative to past results. This will not drum up any excitement for potential buyers and hence the stock price may drift lower or remain at present levels.

  • Reply to

    expert board experts

    by zescrowman Feb 26, 2015 2:47 PM
    beachlawyer2003 beachlawyer2003 Feb 26, 2015 7:39 PM Flag

    H, IBM is in the DOW 30. Everyone with a pulse knows IBM. To answer your question, at $200 few here would have given it a second look. At $160 or less, it pops up on a lot of radar screens.

  • Reply to

    expert board experts

    by zescrowman Feb 26, 2015 2:47 PM
    beachlawyer2003 beachlawyer2003 Feb 26, 2015 7:34 PM Flag

    My guess is Buffett will devote a sentence or two to IBM, essentially reiterating that this is a long term hold and his original objective in acquiring the stock remains intact. Any more than that is gravy.

  • Reply to

    Big Increase

    by tomandjanewright Feb 24, 2015 5:10 PM
    beachlawyer2003 beachlawyer2003 Feb 25, 2015 11:37 AM Flag

    Brky, nevber said I was surprised. The voters are getting precisely what they voted for. As for being at war, can't help but to think back to WWII; we stood idly by for a long time ignoring atrocities elsewhere. History tends to repeat itself.

  • Reply to

    Big Increase

    by tomandjanewright Feb 24, 2015 5:10 PM
    beachlawyer2003 beachlawyer2003 Feb 24, 2015 7:35 PM Flag

    The Keystone veto makes no sense. It is politics as usual. Why shouldn't we put more people to work and create a domestic oil opportunity for a time when prices will undoubtedly be higher?

    Obama gets a D in my book overall for his presidency thus far. His domestic policy gets a C-; for every good thing he has done, he has failed at 1 or more others. His campaign promise of being a uniter rather than a divider could not have failed more miserably. To his credit he proposed and passed some form of healthcare; the Republicans would not have done anything. He has stayed out of the way during a period of prosperity for the wealthy; thanks from many of us here. However, his foreign policy earns him a D-, the only salvation being a noble (but somewhat meager) attempt to normalize relations with Cuba, on which the Republicans have been influenced too much by the likes of Marco Rubio to have even considered. Obama may be the only lame duck president to have been reelected to a second term after earning lame duck status. The Republicans only have themselves to blame.

  • beachlawyer2003 beachlawyer2003 Feb 24, 2015 11:03 AM Flag

    His thinking changed when he started giving away his fortune. As it should have, when he mandated annual liquidation of shares. In his younger years, his thoughts were consistent with those of a young man with youngish investors and an unlimited growht curve. His thoughts have evolved with age but all of the basic principles persist.

  • Reply to

    for HC

    by zescrowman Feb 23, 2015 1:25 PM
    beachlawyer2003 beachlawyer2003 Feb 24, 2015 9:21 AM Flag

    Fair and balanced? You're watching far too much Fox, H. But if you want fair and balanced, I've made well over 100% on a realtively modest SHLD investment trading the stock for the past 2 years, and am in the green on IBM. But why should profts matter when they get in the way of your opinon?

BRK-B
144.32-1.66(-1.14%)Mar 31 4:01 PMEDT