morning beachbro, buffett and us partners have scored huge under team Obama , he made a simple request, buffett went p p on his leg soon thereafter. It was in poor taste imo, and poorly timed, we don't need that investment that badly. Lets see how it plays out. He could have gone on cnbc yesterday but instead i'm guessing he made the call to Sorkin ?
and look at the headline news stories today in print. net after tax we earn less than 200 million a year for all this heat and bad press ? All those sweetheart deals we got the past 6 years Y upset the white house and dems now ? Is buffett giving the dems an issue they can run on ? Will the gop work to help shut this inversion loophole down ? buffett cant be this sloppy, he may be one or two moves ahead of the average bridge player ? what's his game here ?
9 % coupon is a cheap protection tax, seems to me ? Y does buffett need to go there for a puny 300 million - 35 % tax ? silly at this point in his life.
Warren Buffett to Invest in Burger King's Planned Deal for Tim Hortons, wall st j.
buffett getting hammered on morning joe by all guests both parties.
seems to me its a very high cost to pay for brk to earn 300 million or so in interest a year ? Lets see what rate brk earns and we can all decide if 3 g is paying, protection money, to have uncle warren bless these 3 G deals ?? Sorkin is arguing its structured to get Canadian Approval not an inversion. It wouldn't shock me IF Sorkin has already received the call, from Omaha ? Lets see if buffett comes on to make the case ?
to be fair Sorkin is arguing this is not an inversion deal with respect to total taxes paid because brk will pay serious taxes on the divs received in the US. Obviously we expect cnbc to always protect uncle warren . we'll get the rest of the FACTS as the story moves forward.
to be serious for a moment, I admit I had a dream ! I thought one day buffett would write an op- ed asking companies like wmt, mcd, etc, to freeze their div for 2 years, freeze top management compensation for two years and to raise the minimum wage for every employee to 10 $$ an hour or so without the FEDS or states putting a gun to their head. Several experts are saying this deal isn't a straight 100 % inversion but still, it stinks and looks bad to be in bed with 3G, again. Its a major disappointment but most of us cant take Mark Cubans advice in this situation, sell your stock and move on. I'm sure 3 G is very happy to pay the, protection money, going rate, 9 % or so, to get the Buffett aka brk , blessing, but somehow, I feel dirty this morning ? Buffett should move to NEV, buy a few LEGAL joints upstate and make REAL MARGINS on those working girls , its LEGAL in NEV uncle !! Make us proud ! very sad day.
uncle didn't you listen to the speech ? R U UNamericon ? wall st j. ???????????????
Business Thrives in Abandoned Mines
not very well thought out but worth the read. buffett blames size so of course everyone repeats the same nonsense.
++ Buyback gimmickry to move about $80!?
Aren't you glad Buffett bailed you out ?++
morning expert, give buffett credit for one great call, brkb has attracted INFERIOR INVESTORS ! don't trust me check out the chart. How often did brkb trade below 1.1 xs BV since sept 2011 when he authorized the buyback ? How often has it traded below 1.2 xs BV since he raised the limit to 1.2 xs BV ? WHERE would brkb trade if the limit was 1.3 xs BV ? run along sonnyboy and get the papers delivered. BTW, this all proves that my begging buffett to BUY BRKB in the 60s, 70s, and 80s in the past 8 years was all wrong, my bad ! just say no, bro.