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Tuesday, October 2, 2012

THE ECONOMIC TIMES: Warren Buffett buys additional 282,403 shares in DaVita

 



Warren Buffett has bought an additional 282,403 shares of DaVita Inc, the largest operator of dialysis clinics in the United States, according to a filing with the U.S. Securities and Exchange Commission on Monday.

Berkshire Hathaway bought the shares in multiple transactions at prices ranging from $100.42 to $103.76 between Sept. 26 and 28.

Berkshire Hathaway now owns 10.2 million shares in DaVita.

Warren Buffett's conglomerate, Berkshire Hathaway Inc, now owns more than 10 percent of dialysis clinic operator DaVita Inc after adding tts position at the end of last month, according to a filing with the U.S. Securities and Exchange Commission on Monday.


DaVita was a longtime favorite of Ted Weschler, the fund manager Buffett hired in 2011 to help oversee Berkshire's investment portfolio. Berkshire began building a stake in the company roughly around the time Weschler was hired.

Berkshire added another 282,403 shares last week for between $100.42 and $103.76 each, the filing indicated. It now holds about 10.2 million DaVita shares, for a stake of about 10.8 percent of the company, nearly twice that of the next-largest holder.

The majority of the investment is held by Berkshire auto insurance unit Geico, with the rest held by the pension plans of various subsidiaries, according to the filing.

DaVita shares closed at $103.61 on Friday. Berkshire first disclosed a position in the company on Feb. 14; the stock is up 22 percent since then.


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1 comment:

Yasemin Kennedie said...

18.10.2012-Warren Buffet is 30000DaysOld.We always say "Time is Money". Happy 30.000th day Mr. Buffett!

https://twitter.com/zamanya

Page 40 from
"Zamanya - Interview with time"
Roberto regarded the Money Project as a failure. The main idea was to develop a system where people who spent their own time for others received a token in exchange. However, Time employees didn't like the fact that some people earned loads of money without spending any time whereas others seemed to spend a lifetime and still ended up penniless. This scheme was managed badly. “And it is getting worse. We created a monster and it's now unfortunately out of control.”
"Money is another product from the Time Company?" I thought. How mind boggling!
“That's why we give time to our employees instead of money.”