Author Topic: Buffett/Berkshire - general news  (Read 417519 times)

Dynamic

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Re: Buffett/Berkshire - general news
« Reply #1210 on: June 27, 2019, 12:25:17 AM »
An interesting YouTube video from Home Services Relocation Services about the misalignment of incentives that has crept into the employee relocation business and what they're doing to realign it.
https://www.youtube.com/watch?v=O3e24YqEi8Q

I originally found the video via Seeking Alpha, and embedded in one of Home Services' pages, but it was kind of annoying how they embedded it. They're launching "True Partner" to realign the incentives.
« Last Edit: June 27, 2019, 01:11:18 AM by Dynamic »


gfp

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Re: Buffett/Berkshire - general news
« Reply #1211 on: June 28, 2019, 07:04:55 AM »
Not a bad morning for a BRK with a $65 Billion - or thereabouts - portfolio of large banks.  Wells alone put the dividend from $1.8 to $2.04 and plans $23 Billion of gross repurchases against a $212 Billion market cap.

And BAC with this plan, not too shabby on 900 million shares

http://investor.bankofamerica.com/phoenix.zhtml?c=71595&p=irol-newsArticle&ID=2402563#fbid=SebbpFlIj8A
« Last Edit: June 28, 2019, 07:29:14 AM by gfp »

gfp

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Re: Buffett/Berkshire - general news
« Reply #1212 on: June 30, 2019, 05:11:34 AM »
Applied Underwriters sale is near completion, with United Insurance being identified as the buyer.  Details of the deal are still not known but looks like they are waiting on approval from a couple states to close. 

https://www.businessinsurance.com/article/20190628/NEWS08/912329351/Sale-of-beleaguered-comp-insurer-underway

https://nypost.com/2019/06/28/berkshire-hathaway-sells-insurer-probed-for-reverse-ponzi-scheme/

DooDiligence

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Re: Buffett/Berkshire - general news
« Reply #1213 on: June 30, 2019, 09:26:41 AM »
Applied Underwriters sale is near completion, with United Insurance being identified as the buyer.  Details of the deal are still not known but looks like they are waiting on approval from a couple states to close. 

https://www.businessinsurance.com/article/20190628/NEWS08/912329351/Sale-of-beleaguered-comp-insurer-underway

https://nypost.com/2019/06/28/berkshire-hathaway-sells-insurer-probed-for-reverse-ponzi-scheme/

Speculations about how much cash will come to Omaha.

“It’s probably been a successful investment,” Meyer Shields, analyst at KBW, told The Post, estimating it could now be worth between $1 billion and $1.2 billion.

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This guy's never going to get to ask Omaha a question in public.

Meyer Shields, of Keefe, Bruyette & Woods, is among the critics of Berkshire’s disclosures, saying in an April 28 report they leave investors “disproportionately reliant” on Buffett’s public persona and past investment successes rather than actual knowledge about the company.

https://www.reuters.com/article/uk-berkshire-buffett-disclosure-idUKKCN1SA0QO

and

http://fortune.com/2012/05/05/the-only-analyst-who-doesnt-like-buffetts-berkshire/

He does put out quite a body of analysis throughout the industry though.

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In other news, a soft market except in cyber & errors and omissions (E&O) insurance?

https://riskandinsurance.com/a-buyers-market-2/

https://www.biberk.com/get-a-quote/errors-and-omissions-insurance

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Seems like Berkshires insurance operations should provide a great source of information on potential investments / acquisitions & also red flags for who to stay away from.
Healthcare 32.7% - CVS DVA EW NVO // BRK.B - 20.6% // Media & Communication 8.3% - CHTR DIS

Drinkers & Smokers 7.5% - ABEV MO // Auto's & Oil 12.4% - CLB GPC VDE // Tech 0.0%

%'s held @ MV 06/18/2019 minus 18.3% investable cash

i trumpet my ignorance

https://twitter.com/tunawish

John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #1214 on: July 01, 2019, 04:19:42 AM »
It's time of the year for the usual gift to the five foundations from Mr. Buffett.

Edit:

Friggin' mind boggling numbers in that press release ... - heck, the only number related to Berkshire that I can come up with that isn't mind boggling is the number of shares oustanding! [ ; - ) ]
« Last Edit: July 01, 2019, 04:53:10 AM by John Hjorth »
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

DooDiligence

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Re: Buffett/Berkshire - general news
« Reply #1215 on: July 01, 2019, 05:42:43 AM »
It's time of the year for the usual gift to the five foundations from Mr. Buffett.

Edit:

Friggin' mind boggling numbers in that press release ... - heck, the only number related to Berkshire that I can come up with that isn't mind boggling is the number of shares oustanding! [ ; - ) ]

Is there a reason why the shares get converted before being gifted?
Healthcare 32.7% - CVS DVA EW NVO // BRK.B - 20.6% // Media & Communication 8.3% - CHTR DIS

Drinkers & Smokers 7.5% - ABEV MO // Auto's & Oil 12.4% - CLB GPC VDE // Tech 0.0%

%'s held @ MV 06/18/2019 minus 18.3% investable cash

i trumpet my ignorance

https://twitter.com/tunawish

gfp

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Re: Buffett/Berkshire - general news
« Reply #1216 on: July 01, 2019, 06:09:36 AM »
The shares can only be converted in one direction (super voting -> regular), so by converting them before each gift he continually lowers the number of super voting shares in existence while also giving the foundations the more-liquid security to sell off over time.  Over the long term, they will be very few super voting shares remaining, making it harder for any future activist to make a fuss for BRK.

It's time of the year for the usual gift to the five foundations from Mr. Buffett.

Edit:

Friggin' mind boggling numbers in that press release ... - heck, the only number related to Berkshire that I can come up with that isn't mind boggling is the number of shares oustanding! [ ; - ) ]

Is there a reason why the shares get converted before being gifted?
« Last Edit: July 01, 2019, 06:46:55 AM by gfp »

John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #1217 on: July 01, 2019, 07:51:01 AM »
Thank you, gfp,

That explanation makes good sense.
”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai

DooDiligence

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Re: Buffett/Berkshire - general news
« Reply #1218 on: July 01, 2019, 07:51:20 AM »
The shares can only be converted in one direction (super voting -> regular), so by converting them before each gift he continually lowers the number of super voting shares in existence while also giving the foundations the more-liquid security to sell off over time.  Over the long term, they will be very few super voting shares remaining, making it harder for any future activist to make a fuss for BRK.

It's time of the year for the usual gift to the five foundations from Mr. Buffett.

Edit:

Friggin' mind boggling numbers in that press release ... - heck, the only number related to Berkshire that I can come up with that isn't mind boggling is the number of shares oustanding! [ ; - ) ]

Is there a reason why the shares get converted before being gifted?

Yay!  :)  Thanks
Healthcare 32.7% - CVS DVA EW NVO // BRK.B - 20.6% // Media & Communication 8.3% - CHTR DIS

Drinkers & Smokers 7.5% - ABEV MO // Auto's & Oil 12.4% - CLB GPC VDE // Tech 0.0%

%'s held @ MV 06/18/2019 minus 18.3% investable cash

i trumpet my ignorance

https://twitter.com/tunawish

John Hjorth

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”In the race of excellence … there is no finish line.”
-HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai