Yeah, sure. Next year if we make about 1.8 billion this year. (Hint; that is not going to happen.)
No offense, but BRK is not going to buy USG next year.
The NOL's are nowhere near exhausted and we'll likely use about 200m this year, resulting in no income tax liability.
I expect next years earnings will exceed this year's, possibly by 50% with significant continued earnings growth for the next several years. And we won't pay income tax on most of it. Which is nice.
Given all of that, the NOLS won't be used up before 2018 even with three really good years. It could take 'til 2020 or longer, depending on housing and drywall supply.
And this is all good. I for one would be really unhappy if Buffet took me out at a 20% premium right now, given that USG could make about $12 per share over the next 3 to 5 years and pay almost no income tax.
If he can't move until 2018 or later, it is possible USG trades north of $100 by that time, earning 4 to $6 /share and cash flowing 9-15. Trade at 15 times earnings of 6 is 90. Impossible? Hardly.
I am sure Warren would like to get USG south of 80, but he'll wait for at least most of the NOL's to be used up. Right now I'd be happy with 80, but I'd vote against anything under 65. If it weren't for the shareholder rights agreement and the NOLs, USG would already be trading over 40. If people thought USG was on the block I think it'd get past 50 pretty fast.
Either way, its probably a good thing for existing shareholders that he won't take it next year.