did u eat at hanks ? i'm not in stn joints much they no mailed me.
if buffett didn't think brkb was a great value in sept 2011 I doubt he ever will. He wants to build his empire, little interest in buybacks. as a result, 1.4- 1.5 xs BV is fair value unless spy trades even higher to say 24 plus xs. Funny thing, brkb is now a high yielder relative to the swiss or german 10 year bond, go figure ??
++ to stay tax efficient and ultimately favor buybacks over dividends when the time comes.++
IF I thought buffett had any interest in buying back brkb I would have gone 80 % brkb in sept 2011 and gone fishing. The 1.1 xs BV limit was designed to goose the stock, period. HE was a very happy seller above 1.1 xs BV, he never has understood the value here, very frustrating.
I just got back from tennis so I have to watch the entire show but I caught a little of the half time report. Because FB pulled a miracle retail will lose 100s of millions, maybe a lot more chasing these over priced con job IPOs in the after market. Retail doesn't get hot IPOS, chasing them in the after market is worse, much worse, than playing 21 in Vegas. I never goog it but there must be many reports on the results of buying IPOS at a premium the first day they trade. Its a stone cold suckers game, even worse now the way the wall street investment gangbangers structure the deals, letting insiders out in 90 days, 120 days, etc, what a scam. THATS why the street will NEVER allow liz warren within 200 miles of the white house. I retired way to early, me and tony soprano would be perfect for todays wall street games, if I felt like ripping people off 24xs7.
sean, many years ago my kids tax rate on her cap gains was much lower than mine. now, grandkids cap gains are taxed at the parents rate. in our case the parents have very high income in cali hence very high combined tax rates, plus, the new Obama tax doesn't help. but its a great contry so it is what it is.
we just all did our taxes, lol. Would you sell brkb in CALI accounts into a combined 40 %ish tax rate ? They will always own that brkb unless something I cant foresee happens ? Hence, our family will always be brkheads, but I reserve the right to offer uncle sage advice to maximize the value of our holdings. comprende ?
++ you said the stock would be stuck around the 1.2X BV level for the foreseeable future. Are you saying you didn't say that?++
wow you really are a beauty. again, you should be able to find it, show me where I ever said brkb would be stuck around 1.2 xs BV for the foreseeable future regardless of what the market does, regardless of what the spy does, show me. His 1.2 xs BV limit is a ceiling? others said that brky, not me. Buffett saying he would buyback SIZE below 1.2 XS bv is a floor brky, not a ceiling. I did warn the professor that selling brkb puts with brkb at 1.5 xs BV with the puny put premiums being offered was a bad risk to reward bet, so far, he has done fine. IF, IF, ibm misses and breaks 160 brkb will break 140, imo, we'll find out next week how ginny did in q-1. btw, we'll also find out IF buffett averaged down again , ibm ??
brky, buffett raised the buyback limit to 1.2 xs BV in dec 2012 , no ? In late sept 2011 there was an opportunity to buyback stock below 1.1 XS bv, BEFORE it traded above his limit, buffett passed on the opportunity another HUGE mistake, no ? R u saying that when it was disclosed that buffett bought an odd lot in sept 2011, which disappointed me, I've been bearish ever since ? I haven't posted since q-4, 2011 ? BTW, how has the market done since 2011 ?? Show me where I ever said if spy goes up every month forever, brkb will trade down, show me, maybe I forgot ?? Thanks.
My last 30, brkb130 puts expired march 2015, I sold em in OCT 2014, for 4.55, its like stealing money !! Ask the professor. The way brkb is currently trading I think it will test 140, i've got patience for brkb , while I play around with xle and xom, nice premiums, and liquidity.
buy below 160, etc. I cant believe ginny didn't use a number she KNEW, 100 % KNEW she could beat for q-1 but with that company, who knows ? IF, IF, ibm misses and guides lower, again, the professors wish will come true, he'll buy more brkb at 142 on the way to it breaking 140.
no brky, wrong guy. My last short brk puts expired in early 2015, i'm not short one brk put currently. Come on bud, if I repeat things weekly, experts ask me to stop repeating stuff, if I don't, others make it up. So for YOU, my old bud, i'll repeat at 150, at 1.5 xs BV, brkb is fully and fairly priced, imo, no great value in brkville. Add in the fact that brkb yields zero, has no serious authorized buyback , offers huge option spreads with very low premiums, and the FACT that buffett is more than happy to sell off his life's work at 1.4 xs BV, forever, there isn't much to do here while watching my brkb paint dry. For YOU, i'll repeat this next week, take care old bud. If you want just ask me and i'll post what uncle SHOULD do if he has any interest in selling his stock via the foundations at 1.6- 1.7 xs BV. I'm here for you and buffett bro, as always.
and hope for an opportunity to reload on an oil sell off down the road.
CORRECTION, from the filing,
++ PIMCO is an industry leader whose interests are aligned with those of shareholders. Three of the Fund’s portfolio managers have earned Morningstar Fixed-Income Manager of the Year awards.3 In addition, senior portfolio managers of the Fund and certain other senior executives invested more than $2,500,000 at the IPO and have continued to add to their positions since. They have not sold any of their PCI shares, ever. ++
so they own 2.5 million dollars worth of stock or 120, 000 shs, combined. sorry.
they did cut expenses and insiders do own 2.5 million shs, I assume that does not include Gross. A buyer was paying up for stock today so my guess is regardless of this vote the activists aren't going away. In these cases I always vote to cut the discount but I admit, if it traded to 5 % of NAV I might sell it all and buy another fund with a big discount and hope for another activist to demand a buyback.
long term im sure you'll be fine, for now, brkb suffers from low volume , lack of interest, IBMitus, low option interest with huge spreads, zero yield, no credible buyback prospects, and no catalysts near term, good luck old bud.
++ HNZ/KRFT deal that should be completed in the 3rd quarter.++
hi, is that called premature BV valuation ?
I already voted gold stop wasting our money !!
at 1.5 xs BV, with a 1.2 xs BV buyback limit, with zero yield, and a recent giant bet on ibm, a dog for over two years now, brkb is fully valued. buffett has made it pretty clear he still loves ibm, and he bought more in q-4, he isn't going to raise the buyback limit , we shouldn't expect a div hence expecting brkb to outperform going forward with no changes in buffett's current thinking on these key issues is unrealistic. Also for option players brkb options feature wide spreads and little liquidity another reason to switch to spy over brkb for the foreseeable future. good luck.