Author Topic: Buffett/Berkshire - general news  (Read 194140 times)

globalfinancepartners

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Re: Buffett/Berkshire - general news
« Reply #10 on: August 26, 2014, 09:46:33 AM »
We probably won't know until they make a filing.  I would guess that it has his usual redemption premium (~10%) and it is possible that it is a compounding security that earns 9% on accrued dividends (ie, doesn't pay cash dividends)

BRK's $3 Billion preferred shares will accrue a 9% coupon
Plus something?  Sweeteners?


longinvestor

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Re: Buffett/Berkshire - general news
« Reply #11 on: September 03, 2014, 04:27:55 PM »
We probably won't know until they make a filing.  I would guess that it has his usual redemption premium (~10%) and it is possible that it is a compounding security that earns 9% on accrued dividends (ie, doesn't pay cash dividends)

BRK's $3 Billion preferred shares will accrue a 9% coupon
Plus something?  Sweeteners?
Berkshire gets 1.75% of the BK-TH company, per the NYT report

globalfinancepartners

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Re: Buffett/Berkshire - general news
« Reply #12 on: October 02, 2014, 05:05:53 AM »
http://www.cnbc.com/id/102052785
- initial CNBC report

http://www.berkshirehathaway.com/news/OCT0214.pdf
- Berkshire / Van Tuyl group joint press release

No information on price so far, but it looks around the same size as Sonic Automotive.

« Last Edit: October 02, 2014, 05:22:57 AM by globalfinancepartners »

peter1234

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Re: Buffett/Berkshire - general news
« Reply #13 on: October 02, 2014, 05:52:39 AM »
http://www.cnbc.com/id/102052785
- initial CNBC report

http://www.berkshirehathaway.com/news/OCT0214.pdf
- Berkshire / Van Tuyl group joint press release

No information on price so far, but it looks around the same size as Sonic Automotive.

I thought he only needed a new car. Now he buys the dealership...
 ;D

Charlie

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fareastwarriors

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Re: Buffett/Berkshire - general news
« Reply #15 on: October 02, 2014, 09:51:09 AM »
http://www.cnbc.com/id/102052785
- initial CNBC report

http://www.berkshirehathaway.com/news/OCT0214.pdf
- Berkshire / Van Tuyl group joint press release

No information on price so far, but it looks around the same size as Sonic Automotive.

I thought he only needed a new car. Now he buys the dealership...
 ;D


went in for a car and came out with a dealership
« Last Edit: October 02, 2014, 09:54:06 AM by fareastwarriors »

longinvestor

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Re: Buffett/Berkshire - general news
« Reply #16 on: October 02, 2014, 10:57:32 AM »
Cross sell Geico.

Loan working capital to dealership for inventory. Put that $55B to work.

Financing car purchases?  Or partner with WFC for referrals ? Underwrite leases? GM partnership?

 Clayton Homes comes to mind.
« Last Edit: October 02, 2014, 10:59:51 AM by longinvestor »

fareastwarriors

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Re: Buffett/Berkshire - general news
« Reply #17 on: October 02, 2014, 11:41:33 AM »

more general news on the deal


http://online.wsj.com/articles/berkshire-to-buy-car-dealership-group-1412253366?mod=WSJ_hp_LEFTTopStories

Warren Buffett Buys New-Car Retail Chain

Legendary Investor Says He Plans to Buy More Dealerships Over Time

fareastwarriors

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Re: Buffett/Berkshire - general news
« Reply #18 on: October 02, 2014, 02:40:36 PM »

Palantir

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Re: Buffett/Berkshire - general news
« Reply #19 on: October 02, 2014, 04:16:00 PM »
Similar in theme to his regulated investments, I guess, auto dealerships only exist because they are required to exist, and once you have enough scale, I assume it's hard for another guy to break in.
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