By Andrew Bary, MONDAY, JULY 13, 2009
WARREN BUFFETT HAS TAKEN ADVANTAGE of the past year's financial turmoil to make more than $20 billion of promising investments for Berkshire Hathaway, including preferred stock and warrants issued by Goldman Sachs and General Electric, and a convertible issue from Swiss Re, the European reinsurer.
Buffett's investment coups haven't registered on Wall Street, where Berkshire's class A shares (ticker: BRK-A) are languishing at around $85,000. Down 12% this year, and way below their late 2007 peak of $149,000, the shares haven't participated much in the stock market's rally since the end of March.
Yet Berkshire itself looks appealing, at just ...
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1 comment:
Maybe it is the time. Myself, I'd get excited if Berkshire went nowhere over the next year or two.
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