Author Topic: Buffett/Berkshire - general news  (Read 466869 times)

ourkid8

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Re: Buffett/Berkshire - general news
« Reply #160 on: August 20, 2015, 10:25:49 AM »
RE KHC, book has to change to reflect the gain in value.

I don't think it [P/B] really changes. Cash down, debt up, assets up...balancing.

http://boards.fool.com/bv-after-pcp-31867693.aspx?sort=whole


I did just add to my position today.


james22

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Re: Buffett/Berkshire - general news
« Reply #161 on: August 21, 2015, 05:39:10 AM »
How can book value not reflect the change in cash and debt as well?

I do believe P/B is positively impacted, but only because I believe $1 of PCP/KHE > $1 cash.

Again, I did just add to my position, believing BRK's listed P/B of 1.38 really now below the one-year P/B low of 1.37 (though that only the median P/B since the last buy-back announcement).

(Probably too early, but I'd too much cash/not enough patience.)
BRK, BAM l SV, EM l Fannie Mae, Freddie Mac l Stable Value, Cash Value

Mephistopheles

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Re: Buffett/Berkshire - general news
« Reply #162 on: August 22, 2015, 09:41:24 AM »
How can book value not reflect the change in cash and debt as well?

I do believe P/B is positively impacted, but only because I believe $1 of PCP/KHE > $1 cash.

Again, I did just add to my position, believing BRK's listed P/B of 1.38 really now below the one-year P/B low of 1.37 (though that only the median P/B since the last buy-back announcement).

(Probably too early, but I'd too much cash/not enough patience.)

Because initially the investment in Heinz was only listed for $12 billion on the balance sheet. Now that it's a publicly traded company again, the change in value will be reflected and marked as such every quarter.

james22

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Re: Buffett/Berkshire - general news
« Reply #163 on: August 22, 2015, 09:30:54 PM »
Ah.

Thanks, M.
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berkshire101

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Re: Buffett/Berkshire - general news
« Reply #164 on: August 28, 2015, 07:53:04 PM »

rb

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Re: Buffett/Berkshire - general news
« Reply #165 on: August 28, 2015, 08:29:03 PM »
Didn't they get that when they did the swap with ConocoPhillips a couple of years ago?

jay21

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Re: Buffett/Berkshire - general news
« Reply #166 on: August 28, 2015, 08:35:23 PM »
Other way around. They exited through an asset swap: http://www.bloomberg.com/news/articles/2013-12-30/berkshire-to-buy-phillips-66-unit-for-shares-of-refiner-s-stock

Guess WEB likes it now.

IIRC:

WEB owned COP which spun off PSX. T&T bought PSX as WEB sold down. Todd exited through an asset swap. Now WEB is buying again.
@jay_21_

rb

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Re: Buffett/Berkshire - general news
« Reply #167 on: August 29, 2015, 05:42:55 AM »
Right. Thanks for reminding me Jay. :)

CorpRaider

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Re: Buffett/Berkshire - general news
« Reply #168 on: August 29, 2015, 06:49:01 AM »
Strikes me as kind of odd.  Wasn't PSX around $74 when they disposed of 19 million shares, less than two years ago?

Jurgis

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Re: Buffett/Berkshire - general news
« Reply #169 on: August 29, 2015, 07:32:08 AM »
Maybe he'll swap the stake again for another piece of PSX business...  ::)
"Before you can be rich, you must be poor." - Nef Anyo
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