Author Topic: Buffett/Berkshire - general news  (Read 771367 times)

DooDiligence

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Re: Buffett/Berkshire - general news
« Reply #460 on: May 05, 2017, 09:10:14 AM »
In case anyone else is curious about the shareholder intelligence firms Buffett referred to in his CNBC interview, here is an example of one -

http://www.shareintel.com/howitworks.cfm

Here is the interview in the Kiewit plaza lobby in its entirety from Becky Quick.  She was kind of surprised to receive the scoop / breaking news.  "Why are you telling us this?"

http://video.cnbc.com/gallery/?video=3000616150

WEB hates cash!

At Geico "you can almost hear the checks hitting the mailbox..."

Housing strong but people holding off on furniture.

Apple borrowing $ from US to buy back shares (until repatriation - my words not his)

Modest hiring of RR employees.

Disclosed the IBM sale (good call doing it before 13F & the meeting) & said he should've bought the S & P instead of IBM.

Picking losses for future harvest.

Still uses a flip phone.
AFL // BRK.B // CLB // EQC // EW // GPC // MO // NVO // PSX // TPL // VDE // VLGEA // WFC

Investable cash 15.2% + 26 months of survival ca$h

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gfp

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Re: Buffett/Berkshire - general news
« Reply #461 on: May 05, 2017, 09:47:31 AM »
DD, I believe the comment about people holding off on purchases from his sources at the Furniture Mart was in reference to the iPhone, not furniture.  NFM has a large electronics business as well.

Charlie

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Re: Buffett/Berkshire - general news
« Reply #462 on: May 06, 2017, 04:56:23 AM »

DooDiligence

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Re: Buffett/Berkshire - general news
« Reply #463 on: May 09, 2017, 10:48:27 AM »
DD, I believe the comment about people holding off on purchases from his sources at the Furniture Mart was in reference to the iPhone, not furniture.  NFM has a large electronics business as well.

I read that wrong - thanks...
AFL // BRK.B // CLB // EQC // EW // GPC // MO // NVO // PSX // TPL // VDE // VLGEA // WFC

Investable cash 15.2% + 26 months of survival ca$h

---

Hammond B3 + Leslie = swirly choruses and drops
If you don't understand, don't worry, just get up & shuffle your shoes around...

sleepydragon

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Re: Buffett/Berkshire - general news
« Reply #464 on: May 10, 2017, 06:45:08 PM »
In case anyone else is curious about the shareholder intelligence firms Buffett referred to in his CNBC interview, here is an example of one -

http://www.shareintel.com/howitworks.cfm

Here is the interview in the Kiewit plaza lobby in its entirety from Becky Quick.  She was kind of surprised to receive the scoop / breaking news.  "Why are you telling us this?"

http://video.cnbc.com/gallery/?video=3000616150

I wondering if company like this is legal? Effective the CEO and certain executives can have access to information that's never available to  public investors. SEC shall ask such information be published with delays (same as 13F) and watch for anybody who get access to this information and trade on it.

gfp

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Re: Buffett/Berkshire - general news
« Reply #465 on: May 22, 2017, 05:04:23 AM »
Berkshire applying to the Federal Reserve to continue to hold an ever-increasing percentage of Amex, due to AXP's share repurchases.  Same deal as Well's, hopefully with a better outcome for BRK ->
https://www.bloomberg.com/news/articles/2017-05-19/berkshire-asks-fed-to-boost-cap-on-amex-ownership-to-almost-25

oops - I see this was already mentioned on the AXP thread - my apologies
« Last Edit: May 22, 2017, 05:06:04 AM by globalfinancepartners »

sleepydragon

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Re: Buffett/Berkshire - general news
« Reply #466 on: May 22, 2017, 06:09:23 AM »
Berkshire applying to the Federal Reserve to continue to hold an ever-increasing percentage of Amex, due to AXP's share repurchases.  Same deal as Well's, hopefully with a better outcome for BRK ->
https://www.bloomberg.com/news/articles/2017-05-19/berkshire-asks-fed-to-boost-cap-on-amex-ownership-to-almost-25

oops - I see this was already mentioned on the AXP thread - my apologies

So what Feds can come up with now. Berkshire not allowed to use AXP cards? lol

gfp

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Re: Buffett/Berkshire - general news
« Reply #467 on: May 22, 2017, 06:13:23 AM »
It's funny - Berkshire was required to run a tiny ad in a newspaper in NYC to publicly announce this -
https://www.bloombergquint.com/markets/2017/05/22/buffett-plan-revealed-amid-ads-for-co-op-strippers-old-honda

gfp

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Re: Buffett/Berkshire - general news
« Reply #468 on: May 23, 2017, 03:17:35 PM »
I noticed something today for the first time while re-reading Berkshire's most recent 10Q (while stuck at the Social Security office waiting room for 2 hours..)

On page 39 of the PDF 10-Q from Berkshire's own website, the company notes that starting in 2018 they will adopt a new accounting standard that will reclassify the net unrealized gains for investments (presently reflected in accumulated other comprehensive income) to retained earnings instead.

The important part of this, as I understand it, is that going forward the changes in both realized AND unrealized gains in equity securities and certain other investments will be included in the periodic Consolidated Statements of Earnings.

Berkshire notes, "We do not expect the adoption of this standard will affect our total consolidated shareholders' equity.  However, it will likely produce a very significant increase in the volatility our periodic net earnings given the magnitude of our existing equity securities portfolio and the inherent volatility of equity securities prices."

So - economically, zero change.  But the headline earnings reporting is going to be a mess some quarters.  Too bad.

rb

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Re: Buffett/Berkshire - general news
« Reply #469 on: May 23, 2017, 03:29:57 PM »
There will probably be a line on the P&L for gains/losses in securities. So you should be able to easily back those out to get to "normalized earnings".

Aside note: Why do you guys have social security offices?