Frankly that's why I couldn't get caught up in the KOLD hype - while they were trashing SODA saying it (and home soda) was a fad GMCR wanted to get into it and I guess with a willing partner in KO (since at first SODA was targeting KO & PEP) they thought all the sudden "the fad" didn't matter in their case - NO, it's KO & Keurig! That is why I thought their hubris would be their downfall!! Either you want a home soda machine or you don't. To be honest, I owned/own both GMCR & SODA - made money 2 times with GMCR - bought first time before the 3 for 1 stock split - sold - - and later purchased again @22 on their downslide (Einhorn) and sold at 97 - missed the extra surge on the KO frenzy, but for the very reasons I said, I wouldn't get caught up chasing from there.
Did KO really get out with that much of a gain? Correct me if I am wrong - KO bought their first 10% stake at $75 and then added later (to 16%) at over $100 (according to back research) average of $107+! Looks like they merely saved their investment with the buyout at $90. Further, you know Buffet probably had to have also pressured the deal - as the largest stockholder in KO he couldn't have been happy looking at the way the deal was working out! Talk about the value of being a crony capitalist - always nice to have someone to go to get a deal to save your bacon!!
Interesting! Hadn't even thought @ KO in all this - might have been smarter and cheaper to just buy SODA (or partner with them) in the first place instead of trying to run them out of the market!!! I thought all along when GMCR/Keurig tried that with the KOLD that their hubris would be their downfall! You know KO had to have had a hand in getting JAB Holdings to take GMCR private - they were looking at a HUGH loss on their investment!
So when it sold from @129, last July, all the way down to the 60s and then to the mid 30s - it wasn't oversold?
This is hardly a vertical rally!
You are right, they do these things because they can, counting on mindless investors just to react on their every word. I don't trust GS because if they lower from HERE they must really feel there is little upside from here. If anyone has crony capitalism partners it's GS. I mean AAPL lower their guidance for the next quarter in their last earnings report.
What a #$%$! "You are giving me a tough choice" on not commenting who he will vote for!! Come on Al you are married to Andrea Mitchell who is all in for Hillary -- you lost your male genitalia a long time ago!
I won't say rally, because if I do we will surely go the opposite! I will say that Yellen has been and is totally irrelevant as a Fed Chairman - I used to work for a boss years ago who had a saying he would make about irrelevant things "that's as useful as #$%$ on a bull" !! I think she is too afraid to do anything - what has she done since she has been appointed? So this waiting for (and the drama surrounding) ANY comments from her seems to be nonsense. If she doesn't raise rates in June (as kicked around) - which I don't think she will -- there is NO way that I believe for one minute that she will in Sept. - not that close to an election! So frankly all this "fed speak" from her is just something the business channels use for some drama! She's a scaredy cat.
Yep, seems to dispute what the FDA was putting out earlier. Wonder how long it will take for the late night 1-800-WILLSUE (for you) class action suit ads to appear.....if you have used a cell phone in the past and are having or have had headaches you maybe entitled to damages.....
drj - Little scary that Cramer is coming on board (? - I mean seriously, it's Cramer) after bashing this stock relentlessly (as a fad while touting GMCR) now saying to sell KO .....AND now says that SODA and Nestle are a better option in the growing soda and bottled water markets!
Re Google: "Berkshire acquired its position at an average price of about 109.00 a share."
AND we can now see how well that did for the "Sage" of Wall Street - he actually had a profit of all the way to a high of @ 111.50 for about 10 days! Too bad he didn't report his "new" news earlier since it has fallen like a rock since then and the (willing) media can now report this as a current event (without the true whole story) and try to stop his bleeding.
That maybe all you know, but that's only because you don't want the truth - it is right on a google search - "Berkshire acquire its position at an average price of $109 a share"
Kudos to trend2509 -- I took his advice - googled it AND as reported Berkshire "acquired its position at an average price of 109 a share"!!
Taking me back to my premise that the timing of "Buffet's news" is self-serving and reported as new news to the uninformed!!
I would like to know EXACTLY what his purchase (#share/price) was as well. Trend may have taken the closing price on Mar. 31 (which if you go back to the chart for Jan to Mar on 31 would have been $108.33 and put Buffet enormously underwater. IF he bought any time up to Mar 31, say in Jan -- OR if he bought later which could have been in the low 90s range, probably still underwater somewhat based on the recent downfall. Anywhere into Feb - overpaid compared to where it is now.
I would like to know the $ investment myself - something that NONE of the talking heads are adding to all this story today. I have no doubt AND no reservations about Buffet releasing news stories today to use the (willing) media to prop up and stabilize his sagging investment. If you are a true technician (chart) trader there is no doubt that (as of Fri.) AAPL was in continued sell territory - and still is right now. I would just like to have THE WHOLE TRUTH and NOTHING BUT THE TRUTH on the old coots investment!!
Also worth mentioning is that he was instrumental in encouraging (and probably help find) a private hedge fund to buy GMCR at 90 when his precious KO holding was getting hammered from their 2.l billion dollars invested in Keurig Kold!
Not to mention that in 2009 he got a sweet deal from the government to (then help bail out GM) by investing in bonds with a guaranteed 10% interest rate - he got paid back even when the government ultimately couldn't save GM - GM filed for bankruptcy anyway and the other "john Q public bondholders" where lucky to get $.25 on the $1 for their investments.
Interesting article to go back and read is one written Aug. 4, 2009 by Rolfe Winkler -- Buffet's Betrayal
has hotman (or lukewarm man) gone! Seems he has disappeared and removed all his posts - guess he doesn't want to take claim or boast of those tons of $27.00 puts he (supposedly) purchased in his March 22 post anymore. However, I still have your tab booked for you/him at $40.50.