Author Topic: Buffett/Berkshire - general news  (Read 467884 times)

NoCalledStrikes

  • Full Member
  • ***
  • Posts: 142
    • No Called Strikes
Re: Buffett/Berkshire - general news
« Reply #180 on: September 28, 2015, 07:46:48 AM »
If Attila the Hun was an All-American on the Cornhusker's D-Line, Warren would have something nice to say about him.


TwoCitiesCapital

  • Hero Member
  • *****
  • Posts: 2234
Re: Buffett/Berkshire - general news
« Reply #181 on: September 29, 2015, 03:06:37 PM »

rb

  • Hero Member
  • *****
  • Posts: 2922
Re: Buffett/Berkshire - general news
« Reply #182 on: September 29, 2015, 06:32:28 PM »
I would love it if that's the sound of the elephant gun reloading.

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1779
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #183 on: September 29, 2015, 09:08:38 PM »
I would love it if that's the sound of the elephant gun reloading.

Me too. But I suspect that when the 10Q confirms that they bought $32 B in securities as reported, plus the PCP deal early 2016, they could be down to the $20B cash cushion. That's not happened in a while. I'd love for the media to fixate next on them not having enough cash! No talk of buy backs, elephant deals for a while, ha!

scorpioncapital

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1726
    • scorpion capital
Re: Buffett/Berkshire - general news
« Reply #184 on: September 29, 2015, 10:42:50 PM »
I would love it if that's the sound of the elephant gun reloading.

Me too. But I suspect that when the 10Q confirms that they bought $32 B in securities as reported, plus the PCP deal early 2016, they could be down to the $20B cash cushion. That's not happened in a while. I'd love for the media to fixate next on them not having enough cash! No talk of buy backs, elephant deals for a while, ha!

If they are down to the 20 billion cash cushion, the inability to execute a buyback for a few months or a year is a real possibility as per the 2014 annual report: "However, repurchases will not be made if they would reduce Berkshire’s consolidated cash and cash equivalent holdings below $20 billion". But of course, they can always sell securities....

thefatbaboon

  • Sr. Member
  • ****
  • Posts: 486
Re: Buffett/Berkshire - general news
« Reply #185 on: September 29, 2015, 11:18:10 PM »
I would love it if that's the sound of the elephant gun reloading.

Me too. But I suspect that when the 10Q confirms that they bought $32 B in securities as reported, plus the PCP deal early 2016, they could be down to the $20B cash cushion. That's not happened in a while. I'd love for the media to fixate next on them not having enough cash! No talk of buy backs, elephant deals for a while, ha!

Are you saying that they have spent $32bn as well as the PCP commitment?

If so, on what are you basing it?

longinvestor

  • Lifetime Member
  • Hero Member
  • *****
  • Posts: 1779
  • Never interrupt compounding unnecessarily -Munger
Re: Buffett/Berkshire - general news
« Reply #186 on: September 30, 2015, 05:35:33 AM »
I would love it if that's the sound of the elephant gun reloading.

Me too. But I suspect that when the 10Q confirms that they bought $32 B in securities as reported, plus the PCP deal early 2016, they could be down to the $20B cash cushion. That's not happened in a while. I'd love for the media to fixate next on them not having enough cash! No talk of buy backs, elephant deals for a while, ha!

Are you saying that they have spent $32bn as well as the PCP commitment?

If so, on what are you basing it?
http://finance.yahoo.com/video/warren-buffet-never-below-20b-153900364.html
After listening again, I realize that he did not say $32+$30B. All he said was they've laid out 32 B over the next 4-5 months and that they tend to buy aggressively, like 15-20% of volume when markets are in turmoil which results in high overall volumes.My bad.

rb

  • Hero Member
  • *****
  • Posts: 2922
Re: Buffett/Berkshire - general news
« Reply #187 on: September 30, 2015, 09:23:25 AM »
The 32B he mentioned is the PCP deal.

wescobrk

  • Hero Member
  • *****
  • Posts: 673
Re: Buffett/Berkshire - general news
« Reply #188 on: September 30, 2015, 09:54:07 AM »
Correct, cnbc misreported it

thefatbaboon

  • Sr. Member
  • ****
  • Posts: 486
Re: Buffett/Berkshire - general news
« Reply #189 on: October 01, 2015, 01:39:58 AM »
At end Q2 Berkshire had $67bn of consolidated cash

- 5bn for Kraft
-22bn for PCP (he's said $10bn of the $32bn will be debt financed)

+8bn-10bn for 6 months operating cash build

Assuming no insurance catastrophes and no net investment in stocks/bonds consolidated cash should be back around $50bn by the end of the year.