Author Topic: Buffett/Berkshire - general news  (Read 183763 times)

John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #420 on: February 17, 2017, 05:41:00 AM »
globalfinancepartners,

The headline of the article is actually to some extent misleading, because it does not indicate, that the proposal was turned down, but that is mentioned in the article. And yes, depending on the structure, this could really move the needle for BRK.

I also find the article interesting, because the content of the article gives some indication of, what's passing the desks of Mr. Buffett and Mr. Munger of potential stuff. This is [was?] huge.

This could not take place without the involvement of both BRK at top level and the 3G people. Those 3G people are really into the space of huge deals now.
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longinvestor

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Re: Buffett/Berkshire - general news
« Reply #421 on: February 17, 2017, 07:35:32 AM »
globalfinancepartners,

The headline of the article is actually to some extent misleading, because it does not indicate, that the proposal was turned down, but that is mentioned in the article. And yes, depending on the structure, this could really move the needle for BRK.

I also find the article interesting, because the content of the article gives some indication of, what's passing the desks of Mr. Buffett and Mr. Munger of potential stuff. This is [was?] huge.

This could not take place without the involvement of both BRK at top level and the 3G people. Those 3G people are really into the space of huge deals now.

Actually, the large theme called out by Buffett and Munger over the past few years is the definite threat to packaged consumer goods, the tug of war between store and marquee brands. Cost cutting and consolidation are key ingredients. Plus at these sizes, fix-and-flip is difficult. After all we're talking about 100 year brands. Why Berkshire and 3G stand unique at the table.

John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #422 on: February 18, 2017, 01:33:45 PM »
Without putting too much into it: The Unilever dilemma: What comes now?.
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John Hjorth

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Re: Buffett/Berkshire - general news
« Reply #423 on: February 27, 2017, 06:56:44 AM »
Mr. Buffett on CNBC this morning - a series of small clips, among them comments about buying more AAPL in 2017, and some comments from Mr. Buffett about the Unilever offer.
”In the race of excellence … there is no finish line.”
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fareastwarriors

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Re: Buffett/Berkshire - general news
« Reply #424 on: February 27, 2017, 03:24:59 PM »
Here is the full transcript of billionaire investor Warren Buffett's interview with CNBC


http://www.cnbc.com/2017/02/27/billionaire-investor-warren-buffett-speaks-with-cnbcs-becky-quick-on-squawk-box.html

globalfinancepartners

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Re: Buffett/Berkshire - general news
« Reply #425 on: February 27, 2017, 04:12:24 PM »
Thanks for posting the transcript.  I was asleep for the first part and it was interesting to hear him describe his shorting DOW common in anticipation of their conversion.  He ended up timing it perfectly, with a net zero position the day after they sent him 72 million shares -

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"Quick: The reason I ask-- that question just now is because Dow Chemical preferred shares-- they called those the preferred shares on December 30th. And from what I read it said that it should've translated into about 6 percent of the shares outstanding of the company—

Buffett: 70, 72 million shares, yeah.

Quick: But I did not notice Dow Chemical on the 13-F in this most recent filing. Would have--

Buffett: We timed our sales so that once it got above the conversion price-- we timed our sales-- we tried to time 'em—because 72 million shares would be a lot of shares to get and we did not want to own the common stock we don't own any common stocks of any chemical companies so and as the stock when higher we sold it more aggressively because we wanted to get 72 million shares done by the day which was becoming more probable all the time that they would call it and they called it exactly when we thought they would call it. And I think our last shares were sold the day before, the day after, the same day we timed it to be out of 72 million shares when we received those shares.

Quick: So I was going to say you didn't sell 72 million shares on December 30 and 31st

Buffett: No we didn't want to be in that position.

Quick: but you had been timing those shares all along and preparing for it.

Buffett: exactly and it became you were in a very strong market and as Dow kept moving up we would get more aggressive so towards the end we might have been selling a couple million shares a day when it got up to 56 or some price like that. We were hoping to get out of it, out of the common by the time they sold the common and like I said it worked out to the day we were kind of lucky on that we could have ended up with 10 million shares but we were going to quit obviously when we got to the amount that was going to be handed to us.

Quick: Why don't you like Dow or the other chemical shares?

Buffett: We've never owned chemical shares. We own a specialty chemical company Ebersol a chemical common stock we own we bought the preferred stock of Dow because we wanted a preferred position and we held it. It was kind of interesting we bought that stock in July of 2008, the preferred and they were going to acquire, Dow was going to acquire Rohm & Haas and they needed money for it and then the world fell apart in the fall and Dow wanted to get out of the contract, they sued Rohm & Haas to get out of the contract but it was held that they had to stick with it. So we closed the deal to buy the preferred stock in April of 2009 by which time the market had totally disintegrated the time we closed that we bought $3 billion worth it probably wasn't worth tops more than
60 cents on the dollar so we showed up with $3 billion for something that was worth $1.8 billion at the time which is one reason why people offer us deals they know we will be around at the closing. We showed up for the Wrigley closing too that was on October 4 or something but during that whole period we had commitments and that kept me from doing some other things we might have done at that time. The fact that we had this $3 billion going out the door

Quick: What did you ultimately end up making on Dow Chemical shares.

Buffett: we ended up making about a billion dollars and plus we had an 8.5 percent coupon those years.

Quick: You made a billion even before the preferred dividend that was paid?

Buffett: We had a billion dollar of capital gain very roughly, and then we had $255 million a year dividends during the time we owned it."

Liberty

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Re: Buffett/Berkshire - general news
« Reply #426 on: February 27, 2017, 04:52:23 PM »
Here is the full transcript of billionaire investor Warren Buffett's interview with CNBC


http://www.cnbc.com/2017/02/27/billionaire-investor-warren-buffett-speaks-with-cnbcs-becky-quick-on-squawk-box.html

Thank you for posting, I appreciate it.
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Valuehalla

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Re: Buffett/Berkshire - general news
« Reply #427 on: March 02, 2017, 07:45:57 AM »
Total BV 31.12.2016 = 283,001 B

Add to adjust KHC till 31.12.2016    13,1 B  for fairvalue

Add further till today (Jan+Feb+1March):

Add for Investment gains app         12,4 B    (Appel accumulation before 30th Jan, KHC, BAC warrents incl.)
Add for Operative Jan+Feb app        3,0 B

TOTAL BV today                           311,501 B

This means BV per B share on 1. March 2017 = app 126,30 $ (KHC adjusted)
 
If its correct 177,28 $ (B closing price yesterday) is 40 % over (KHC adjusted) BV and seems still cheap to me.

ATTENTION: deffered taxes are not embedded. Also unknown subjects from 1th Jan till today. Imo it is not possible to calculate an exact figure; so all is just approximatly...
BRK FFH MKL LVLT CTL BAC WFC BMY MRK MCD MO PM

longinvestor

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Re: Buffett/Berkshire - general news
« Reply #428 on: March 10, 2017, 07:17:50 PM »
http://finance.yahoo.com/m/14a6b356-2b0c-3d30-b870-80f7d2911430/could-buffett%27s-berkshire-buy.html

The street smarties would like Berkshire to buy AIG and pay a hefty premium as well!

RadMan24

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