The Buffet Strategy – building value for investors and markets
Today's Financial News - Posted November 9, 2009
In August of 2008, Horacio Marquez of Money Morning recommended Berkshire Hathaway as a ‘Buy’ for his readers. Today he revisits this pick and the implications of the 50 to 1 split for investors.
Horacio Marquez, Money Morning:
I emphasized that Berkshire should be a core, long-term holding in investors’ portfolios and not a stock to trade in and out off. Today, the stock is about 11% above the price that it finished 2008 at.
This recommendation was issued three weeks before Lehman Brothers’ Sept. 15 bankruptcy filing. I knew at the time that there was a possibility that Lehman would go bankrupt and that the market would retreat, but I felt that the huge amount of cash on Berkshire’s books would provide it with countless opportunities to pick up quality assets at bargain prices should that happen.
“Under Buffett, Berkshire Hathaway is a like an astute and disciplined kid in a candy store,” I wrote.
Read the rest of the story at Money Morning.
Next Article: This silver stock’s soaring today!
Be the first to leave a reply.
Your comments are welcome
Follow TFN via RSS or Twitter |
 |
 |
 |
Advertisement
Latest Headlines
- The Big Picture for Sinobiopharma, Inc. (SNBP)
- Beazer Homes USA, Inc. (BZH) and Hovnanian Enterprises, Inc. (HOV) up despite horrid housing news
- The FDA catalyst: 2010 moves in MannKind (MNKD), Roche Holding (RHHBY), Acorda Therapeutics (ACOR) show it still works!
- Steepest drop since Feb. 2009: Here we go again!
- Is the silver run over? Coeur d’Alene Mines (CDE), Silver Wheaton (SLW), Alto Group (ALTO), Hecla Mining (HL), Endeavour Silver (EXK) close down