|Bid||315,650.00 x 800|
|Ask||316,130.00 x 800|
|Day's Range||313,627.50 - 316,510.00|
|52 Week Range||270,250.00 - 335,900.00|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||10.94|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||368,375.00|
Majority of the Fed policymakers say that rate hikes "would most likely be consistent" with economic expansion, strength in labor market and the current period of firming inflation.
Berkshire Hathaway Inc.'s ( BRK.B) Class B shares are cheap if you apply the same metrics that its CEO Warren Buffett does to value companies, according to JPMorgan. In a research note, reported on by CNBC, analyst Sarah DeWitt said Berkshire, a company that investors have historically struggled to value properly because of its many moving parts, suddenly appears to be attractively priced when factoring in all the profits made by the stocks held in its $200 billion equity portfolio into its earnings. “Look-through earnings” take into account current period earnings that show up in financial statements, together with other sources of earnings expected in the long run. This method is used by Buffett as a way to appreciate that companies sometimes retain earnings after paying dividends and later invest them at a higher rate of return.
Warren Buffett, chief executive of Berkshire Hathaway, talked with Dr. James Reed, president and CEO of St. Peter's Health Partners.
Stocks tried to make a comeback, but then, the minutes from September’s Federal Reserve meeting were released. The takeaway was, in short, that the Fed is still on a path of hiking interest rates. For investors who thought they would see doubt from the Fed or expected President Donald Trump’s criticism of rate increases to make a difference—there wasn’t and it didn’t.
“Competition is fine,” Buffett said Wednesday at an event for MLMIC, a medical liability insurer that Berkshire acquired this year. Berkshire has other holdings among rival firms. It is among the top investors in Wells Fargo & Co., Goldman Sachs Group Inc. and Bank of America Corp. It also owns Dairy Queen and has made an investment in Restaurant Brands International Inc., the owner of Burger King.
A JPMorgan analyst uses “look-through earnings,” which seeks to incorporate the profits of the companies in Berkshire’s equity portfolio into its earnings.
Companies pay investors dividends but they also retain some of their earnings. Over time, companies invest these retained earnings at a higher rate of return and that ultimately boosts their share prices, benefiting their investors. J.P. Morgan analyst Sarah DeWitt calculates that Berkshire's share of undistributed earnings from its stock portfolio is $12 billion, or about $5.19 per Berkshire Class B share.
Canadian National Railway (CNI) reported 2.5% YoY (year-over-year) carload traffic growth in Week 40. The railroad company hauled ~66,000 railcars excluding intermodal traffic from ~64,400 units in the same week of 2017.
Going through the old archives of Warren Buffett (Trades, Portfolio) articles and speeches always uncovers some interesting nuggets of information from the Oracle of Omaha. The latest of these nuggets I've discovered is an old question-and-answer session Buffett had with University of Nebraska-Lincoln students in 1994. Warning! GuruFocus has detected 5 Warning Sign with BRK.A. Click here to check it out.
It is very easy to put investors like Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) on a pedestal and think these billionaires have never made a single investing mistake in their entire career. Warning! GuruFocus has detected 5 Warning Sign with BRK.A. Click here to check it out. In reality, both Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) leaders (and every single other investor out there) has made mistakes in their careers, some more serious than others.
Brazilian card processor Stone Co Ltd filed on Tuesday for an initial public offering on Nasdaq that may raise up to $1.1 billion and lure Warren Buffett's Berkshire Hathaway Inc as a shareholder, according to a securities filing. Berkshire Hathaway and some of Stone's current shareholders may acquire up to almost half of the 47,727,273 shares offered in the IPO, according to the filing.
In Week 40, Eastern US major railroad company CSX (CSX) saw 6.6% YoY (year-over-year) carload traffic growth. The company hauled ~73,000 railcars sans intermodal units in the week compared to 68,400 units in the corresponding week of 2017.
In Week 40, Eastern US rail giant Norfolk Southern (NSC) recorded a 3.5% YoY (year-over-year) fall in carload traffic. The company hauled ~67,900 railcars sans intermodal units in the week compared to ~70,400 in the corresponding week last year.
Canada's Bombardier Inc said on Tuesday it had delivered 31 business jets in the third quarter, meeting more than 70 percent of its delivery target of 135 jets for the year. The company, which is in the middle of a five-year turnaround plan through 2020, said the backlog in its business jet unit rose to about $14.3 billion from $14.1 billion in the quarter. Separately, Bombardier said NetJets Inc, the luxury plane unit of Warren Buffett's Berkshire Hathaway Inc, will take its first delivery of Global 7500 ultra-long-range business jet in 2021.
Berkshire Hathaway–owned BNSF Railway (BRK.B) saw 3.8% YoY (year-over-year) carload traffic growth in Week 40. The Western US major rail carrier moved ~106,200 railcars sans intermodal traffic in the week compared to ~102,300 units in Week 40 of 2017.
Actor Tom Cruise is as enigmatic as the U.S. stock market. Warning! GuruFocus has detected 5 Warning Sign with BRK.B. Click here to check it out. As a result, the money in the stock market has flowed to the exchange-traded funds tracking the S&P 500 Index and those chock-full of glam tech favorites like the PowerShares QQQ Trust (QQQ), which owns the 100 largest Nasdaq stocks .
An agreement announced Monday at NBAA gives NetJets the option to buy up to 325 business jets from Textron Aviation in Wichita.
Warren Buffett is so often talked about in the press, on the internet and in conversations among the investing public that truth and falsehood blur, and a picture of the man is distorted like an image in a funhouse mirror. Although Buffett is one of the greatest investors of the last century, he makes mistakes like any other human being. Buffett knew the airline business had no protective moat, and later stated the industry was a death trap where investors had lost massive money since the inception of air travel.