You have me confused with someone else. I am the one who sold off my residential real estate holdings thus the nickname nomorehomes. I had no ill intentions or reason to mock those in trouble. We did discuss whether or not those who lost their homes knew what they were doing or not when signing the arms and I believe we disagreed on that. I would speak to the buyers of the homes who used arms so I could understand what they were thinking.
Btw brk is trading like it has some PR muni bond risk. Back in 2008 brk wanted to get in on insuring those bonds. Do u know what ever happed and if brk has exposure on those? I am sure there is a limit if there is.
U got an even keel beach. That is a good thing to possess. When oils popped last year i took all energy off the table so have some extra to invest. Jnj at 16 x doesn't bother me. I have been adding since 50. Just seems like everyone waiting for a pullback and better to buy on way down than try to time a perfect trade and miss it entirely. The US treasury might welcome a big selloff to generate some tax money. Brk is a good one to sit that game out. Glty.
We'll see. I don't buy anything anymore that i don't mind marrying without ever getting a divorce from. When JNJ goes to zero it may not be worth a world living in anyways.
That is what u get when there are lobbyists that can pay off politicians that can make laws to circumvent GAAP they do not like. Pay to deceive aka a Gruber.
Looks tired for sure but there is so much money on the sidelines and I don't see too many people who buy assets that need money right now. All the advisors are sitting on tons of cash and the gov't is doing everything they can to destroy your savings. Sucking your thumb isn't always the right thing to do when the markets are still within a reasonable trading range. That being said I am keeping some cash around and looking to get some more Bs in the low 130s or even 120s. WMT looks like it might be bouncing of a bottom on the chart. Waiting for Greece to get kicked out so the Euro firms a bit against the dollar to cash in some multinational chips. Have a nice weekend.
I would have preferred to see them reissue some debt at a lower cost personally. Hate it when REITs issue more shares at cheap prices.
I bot a couple shares this morning in the 139s. Was looking at WMT at 14X earnings but they have the same problem with a foundation selling also and the quality of this company is outstanding compared to just OK with WMT.
Non-cash impairment charge. FFO as adjusted remains the same. Secured note. Why did Gallagher go is a more important question. Integrity of management is a high priority and there should be a reason given ... even if it is just for personal reasons. Give an honest and candid statement on top level management changes or you are going to lose your good investors.
Wonder if Kernan is in SPY? He has seen it all before. Mark sure would have just bought an index.
Of course. He is sitting on a pile of cash after selling his netflix. Come on market. Get in my belly!!!!
Lots of haters. I am going to go crack open a nice cold IPA while I sit in my spa and drink to all you thumbs down haters. I don't think I ever gave anyone a thumbs down for their thoughts. Enjoy.
Lol. Did WEB say that? No. U got it with the 110%. Dates included no less. Now he says BV does not nearly reflect true IV because BRK is becoming an operating company rather than an investment company carrying assets at FMV. I guess that assumes WEB picks the right assets to buy and that their values will hold relative to depreciation. WEB wouldn't go heavy on capex intensive businesses if he thought we are in for a round of heavy inflation. What does he know that i don't know is what i always ask myself.