Hey denn566K Icahns fund IEP is down $32.80 over their 52 week high.. Does this mean that Carl is trash?? A $500 stock drops $6.17 and you rest your case lol Before the split this was .30 cents.. U do know that Biglari worships Icahn as well don't you?
By the end of fiscal 2013, total investments (cash, stocks, and BH’s investments in The Lion Fund) amounted to $635.4 million, increasing from $378.6 million. Although investments grew substantially, this upswing was aided by the $75.6 million of equity capital raised through the rights offering. Excluding the equity issuance, BH’s investments increased by 47.9% last year.
Over the last five years, investments have climbed by $628.5 million. The following table displays BH’s development of investments since fiscal 2008:
Fiscal Year (In Millions)
Cash and Cash-Equivalents....... $ 94.6 $ 60.4 Marketable Securities................ 85.5 269.9 The Lion Fund 2 ........................ 455.3 48.3
Total Investments...................... $ 635.4 $ 378.6
$ 99.0 115.3 38.5
$ 47.6 $ 51.4 32.5 3.0 38.6 –
$ 118.7 $ 54.4
$ 6.9 –
Samuel Johnson said, “Sir, I have found you an argument; but I am not obliged to find you an understanding.”
BH is no stock for dummies.
Diluting the other shareholders.. When that happens just remember you voted 3 times against Sardar for the board and the poison pill AND the $20 per share dividend. That like all the idiots that voted for Obama that are now #$%$ lol. The ones that aren't don't mind going broke.
The interest rate on the 100 million in debt when you account inflation is interest free. You really should listen to the security analysis audiobook on youtube. Buffett leveraged the heck out of berkshire until he no longer needed to.
Ive been watching this board for quite some time.. Smaycs is the most intelligent when it comes to BH. Sardar has a lot to learn when it comes to his interpersonal skills but let there be no doubt he will turn BH into a multi billion dollar holding company within the next 5-10 years. In 2008 he started with 1 million cash and in 5 years he has 625 million. Lets take that 625 million and I bet that over the next 10 years you will hear a lot about how people could've became rich investing in BH. Sardar doesn't lose as he doesn't know how to. Denn566K is just upset he was fired from one of BH subsidiaries and he uses this board to take out his aggression. Markets go up and down and can remain irrational longer than you can remain solvent. Sardar is the closest that anybody comes to Buffett for the young generation. Im all in!!!