Posted in Berkshire News on March 30, 2010 by Administrator
Moody’s Corporation (NYSE
: MCO) may be back at the higher-end of its 52-week trading range with shares at $30.51. But the glory days are long gone. This was a $60 and $70 stock in 2007. Berkshire Hathaway Inc. (NYSE: BRK-A, BRK-B) is still the largest shareholder of the company, but Warren Buffett keeps paring down his position. Just yesterday came a filing showing that the Berkshire empire had unloaded more Moody’s stock. Buffett may be selling this slow and orderly, but as far as we are concerned the Moody’s-Berkshire stake is on its way somewhere close to zero.
An SEC filing on Thursday showed that Berkshire Hathaway sold more than 205,000 more shares. This takes the stake down to 30,786,876 shares. The filing from yesterday showed 148,054 shares were sold on March 23 at $30.23, and then another 57,574 shares were sold on March 24 at $30.37. Yesterday’s filing follows a earlier filing showing that some 816,000 shares had been sold. As always, we have an index showing all of the most recent Buffett holdings.
See All stories : http://247wallst.com/2010/03/26/buffett-and-berkshire-selling-moodys-target-zero-shares-mco-brk-b/
Posted in Berkshire News on March 26, 2010 by Administrator
Warren Buffett likes to buy companies with a very long time frame. In fact he likes the “Forever” trades. It seems that Buffett decided booze was a good deal. Berkshire Hathaway Inc.(NYSE: BRK-B, BRK-A) announced yesterday that its McLane Company subsidiary is acquiring Kahn Ventures, the parent company of Empire Distributors and Empire Distributors of North Carolina. In short, Berkshire Hathaway is buying wholesale distributors of distilled spirits, wine and beer with geographic footprints in Georgia and North Carolina.
Posted in Berkshire News on March 12, 2010 by Administrator
March 11 (Bloomberg) -- Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. who pays the company for postage and personal phone calls, received a $100,000 salary for a 29th straight year as he arranged a $27 billion acquisition.By Jamie McGee http://www.businessweek.com/news/2010-03-11/buffett-gets-100-000-berkshire-salary-for-29th-straight-year.html
Posted in Berkshire News on March 05, 2010 by Administrator
In its annual letter to shareholders, Berkshire Hathaway Inc. (BRK.A) reportednet income of $8.1 billion and revenue of $112 billion for 2009. That's an improvement over the net income of $5.0 billion and revenue of $108 billion in 2008. However, net income in 2007 totaled $13.2 billion.
In dollar terms, the conglomerate's book value rose 19.8% last year to $21.8 billion, or $84,487 per share. That was the best gain since 2003, but trailed the S&P 500's return of 26.5% for the year. More Information. From http://www.bloggingstocks.com/2010/02/28/berkshire-hathaway-annual-letter-offers-good-news-bad-news/
Posted in Berkshire News on March 04, 2010 by Administrator
By Avi Krawitz,Posted: 03/03/10 03:56
RAPAPORT... Berkshire Hathaway’s jewelry retail division, comprised of Borsheims, Herlzberg and Ben Bridge Jeweler, saw its revenue decline by 12 percent in 2009, the investment group reported, and posted a pre-tax loss for the year.