|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||298,450.00 - 301,680.00|
|52 Week Range||242,180.00 - 326,350.00|
|PE Ratio (TTM)||10.98|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||348,875.00|
Jim Cramer zips through his take on callers' favorite stocks, including that of a company in the middle of a major deal.
Yahoo Finance is the exclusive online host of the Berkshire Hathaway 2018 Annual Shareholders Meeting, coming Saturday, May 5th.
The company has set its ambitions on reducing the shortage of doctors and nurses at U.S. hospitals via the creation of an online-only marketplace for clinical jobs. “There is a huge shortage of doctors in the U.S., along with nurses and other health-care professionals,” says Alexi Nazem, Nomad’s CEO, who co-founded the company in 2015. The shortage, and the high cost of hospital administration, is traceable in part to an arcane health-care staffing system called locum tenens – a Latin phrase that roughly means “to hold a place.” The locums market, as it is known, is a 50-year-old industry reliant on brokers and recruiters who place doctors and nurses with hospitals in return for a finder’s fee from the hospitals.
Berkshire Hathaway (BRK/B), the well-known Warren Buffett investment vehicle for the last 50 years, has been the subject of many good notes and discussions. In this note I will briefly cover general background and then discuss a few key topics as to why NOT to buy BRK, and will try to defend my thesis. General background BRK’s business model is unique.
The Zacks Analyst Blog Highlights: AbbVie, Berkshire Hathaway, PepsiCo, BP and Twenty-First Century Fox
Berkshire Hathaway’s (BRK.B) investment portfolio grew to $191 billion in 4Q17 on an increase in its stakes in existing companies and a rise in the valuations of its holdings. In 1Q18, the company is expected to see its investment portfolio valuation fall, as major holdings have seen erosion in the range of 3%–22%. Berkshire could also look to add stakes at their current valuations, as lower prices are offering better valuations.
Berkshire Hathaway (BRK.B) stock has fallen ~6.8% in the last month, and it’s risen 16.9% in the past year. In comparison, the S&P 500 Index (SPY) has fallen 5.5% over the last month and risen 10.9% over the last year.
In the week ended April 7, 2018, Berkshire Hathaway–owned BNSF Railway’s (BRK.B) carload volumes jumped 8.7%. From 92,000 railcars excluding intermodal units in Week 14 of 2017, the company hauled ~100,000 units in the same week in 2018.
In 2018, its operating cash flow is expected to rise further, aided by lower tax and an expected fall in claims in its Insurance segment. Berkshire Hathaway’s CEO, Warren Buffett, has indicated a big-ticket acquisition to investors. Berkshire Hathaway could deploy its existing cash flow toward reducing the leverage of its subsidiaries amid expectations of future rate hikes and an expected increase in capital costs.
CEO Warren Buffett indicated a big-ticket acquisition in his letter to investors. Berkshire announced share repurchases for the first time in 2011. Berkshire will engage in buybacks subject to its valuation not being higher than 1.2x of its book value as well as its overall liquidity not going below $20 billion after repurchases.
In 4Q17, Berkshire Hathaway’s (BRK.B) Services segment benefited from consumer spending, which drove revenue growth of 4% on a YoY (year-over-year) basis to $7.1 billion. Its revenue rose on NetJets, electronics, and media, which have traditionally delivered growth for the company over the past few years. In 1Q18, its revenue is expected to be subdued on a sequential basis, but it could see marginal growth of 3%–4% on a YoY basis on NetJets, furniture, and retailing.
Berkshire Hathaway’s (BRK.B) investments in manufacturing could yield results amid the push for the sector by the Trump administration in recent quarters. This could allow domestic US manufacturers to expand their capacities for intermediates and commodities such as steel. Berkshire Hathaway has maintained a significant stake in the manufacturing sector (VIS) over the years.
Berkshire Hathaway (BRK.B) operates in the energy sector through Berkshire Hathaway Energy (or BHE). Natural gas utilities have seen some pressure on the demand front mainly due to higher input costs driven by higher oil prices (USO). MidAmerican and Northern Powergrid witnessed higher sales costs resulting in lower profitability in 4Q17.