WEB once bought a little textile company because he didn't like what the CEO did. The company was called Berkshire Hathaway, the CEO was Stanton and the reason WEB bought the company was because Stanton undercut WEB by 1/8 of a dollar per share on a tender. After WEB bought the company he fired Stanton. Revenge is expensive.
I think I read somewhere WEB said he would be worth another 200 billion (with a B) if he didn't buy that #$%$ textile company.
Now WEB will barely cry foul when someone picks his pocket for billions.
My ... how people change.
Government accounting is the real crime. Corporate accounting is stealing a candy bar. Government accounting is stealing the store.
Seafood = fish and fuel. Both costs are going up more than wages. I don't know why everyone thinks this is so good. Plus there is less fresh water fish. Ask any fisherman. I see this is a last ditch attempt for this company to make some money. Roll of the dice if you ask me. Looked it over and passed. Good luck to you.
35 new drillships this year. Dayrates have to go down. Old rigs stacking up. Order growth slowing. Another cbi for web? I think so. Rolled profits into brk so i guess i am not entirely out. But seriously, how can it keep going at 35 bil market cap?
I would have let them go belly up.
Now they are qualified to tell u what coh is worth?
Coh has hardly and debt.
Ms needs free money from fed.
Govt needs ms to push treasuries,
So ms will survive only with govt permission.
When i want their opinion i will ask for it.
Until then, since i baled you out just shut up.
What is your plan? Take money from productive people and give it to unproductive people? Stalin tried that and USSR fell apart. No one took care of anything and the country was thrown back into the middle ages. I will take capitalism and ownership over taxes and redistribution and collectivism any day.
The fact you are here talking about taxing Buffet more for your own selfish reasons shows man's own self interest. You should be able to follow yours but not with crooked politicians in your pocket. Maybe you should not like WEB for his Burlington Northern which gets special treatment because Keystone keeps getting delayed. Wonder what WEB's position on that would be.
Mgmt owns tons of stock, hardly any debt, too many stores (workout shoes), strong brand appeal. It might take a couple of years but this is a double from here.
Story of my life. Anyways ... GNC averages about a grand a day a store across the board. Socked a few shares away. This is my spec money along with bbby in retail. Just sold DG FDO and DLTR on the Ichan pop so had some retail money sitting around and these two fit the bill. BBBY might be one of the best run retailers with zero lt debt. If you have a bedroom or kitchen you can use stuff from there and they have some pretty cool stuff. These are no HD but they should do well.
Good buy on WMT. You are always hitting them good.
BRK is my biggest financial holding. WEB gets deals other banks only dream of. AXP has been a fantastic ride for BRK since the lows. Good luck.
Financials. I don't trust fractional reserve banking but I trust WEB. An enigma wrapped in a puzzle.
On the other hand you already own it so u probably understand it and follow it better than if u didn't. I see a drug company or big consumer products company eventually buying this out. HELE jumped in the fray the other day.