|Bid||300,800.00 x 200|
|Ask||301,105.00 x 100|
|Day's Range||299,751.00 - 301,560.44|
|52 Week Range||257,020.00 - 326,350.00|
|PE Ratio (TTM)||12.45|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||352,875.00|
BNSF Railway (BRK.B), owned by Berkshire Hathaway, saw carload traffic rise 11.8% YoY (year-over-year) in Week 28. This Western US major rail carrier hauled ~105,800 railcars excluding intermodal in Week 28 compared to 94,600 units in Week 28 of 2017. BNSF’s rival Union Pacific (UNP) saw a 1.4% YoY growth in Week 28 carload volumes. The growth in percentage terms was significantly lower than BNSF’s gains in the same category. The rise in the latter’s carload traffic was much higher than 3.8% YoY overall growth for US railroads (XTN) in Week 28.
The AAR (Association of American Railroads) publishes weekly traffic data every Wednesday. Twelve major North American railroads submit their weekly freight volume statistics to the AAR. The data are divided into carload traffic and intermodal volumes expressed in containers and truck trailers.
Warren Buffett’s investing deputy, Todd Combs, helped the billionaire investor in his effort to exit Berkshire Hathaway Inc.’s stake in USG Corp. Combs and Buffett held a call with Knauf, which was bidding for USG, and its bankers in March to propose an option for Knauf to acquire Berkshire’s stake in USG, according to a regulatory filing Friday. Berkshire later disclosed that Knauf option publicly, bringing to light a deal that would eventually result in a rare instance of Berkshire opposing USG management and a $7 billion bid from Knauf to buy the wallboard maker.
The richest person on the planet became the richest man in financial history this week, and on the same day, the third-richest person in the world gave about 4 percent of his wealth away. The wealth of that all-time richest man, Amazon.com, Inc. (NASDAQ: AMZN)’s Jeff Bezos, rose in value by more than $52 billion this year, cracked $150 billion to make him wealthier than today’s second and ninth richest people combined, and surpassed Bill Gates’ 1999 inflation-adjusted record.
https://asset.wsj.net/dynamic-insets/charts/cdc_2adbd3524624e8cb3318f883.json Goldman Sachs Group Inc. - DOWN 0.2% (Tuesday) Goldman Sachs headlined the bank earnings show this past week, notching a 51% increase in quarterly profit and announcing that veteran investment banker David Solomon would succeed Lloyd Blankfein as chief executive on Oct.
Charles De Vaulx and his colleagues at International Value Advisers, including founder Charles de Lardemelle, have a deserved reputation as quintessential stockpickers. Despite the fund’s go-anywhere mandate, de Vaulx and de Lardemelle have lately struggled to find attractive investments—IVA won’t buy anything that isn’t at a big discount to intrinsic value—and the firm’s two funds are closed to new investors. Soon, perhaps, there may be more opportunities to buy, given the macroeconomic conditions that de Vaulx outlined in a recent conversation with Barron’s. He also obliged us with a few stock picks and commented on the latest plans afoot at one of his largest holdings, Berkshire Hathaway (BRK.A).
Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) jumped more than 5% July 18 on the news Warren Buffett and Charlie Munger have reconsidered their stance on Berkshire Hathaway stock repurchases, something many large investors have been clamoring for it to do. Up until the surprise announcement, Berkshire Hathaway could only buy back its stock at 1.2 times book value or less than that, a multiple it hasn’t seen since 2012. “It’s a somewhat significant change,” said Steven Check, president of Check Capital Management Inc in Costa Mesa, California.
One of the most popular images making the rounds on Financial Twitter this week comes courtesy of Ritholtz Wealth Management Director of Research Michael Batnick. The long and short of it is, as of July ...
This could indicate that investors who seek to profit from falling equity prices are not currently targeting BRK.B. Over the last one-month, outflows of investor capital in ETFs holding BRK.B totaled $908 million.
said Tuesday that the company will no longer adhere to an old rule about buying back company stock and instead can make purchases whenever Berkshire chairman Warren Buffett and vice chairman Charlie Munger determine the price is below the company's intrinsic value, according to a filing with the Securities and Exchange Commission. The last time Berkshire, which owns companies ranging from Geico to Dairy Queen and numerous other businesses, bought its own stock was in December 2012. Under the old rule, Berkshire could not pay more than 20% above Berkshire's book value per share.