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Strategies & Market Trends : Value Investing

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From: Grommit10/8/2008 9:32:14 AM
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``We want to use cash,'' Buffett told PBS's Charlie Rose in an interview last week. ``There are times when cash buys more than other times, and this is one of those times where it buys more.''

``Top-quality, well-managed firms like Goldman and GE are getting to the point where the values are beginning to scream,'' Betz said. ``Those are the sorts of companies that will continue to earn money and continue to function well.''

Buffett ``doesn't have a two-week time horizon,'' said Frank Betz, a partner at Warren, New Jersey-based Carret Zane Capital Management, which holds Berkshire and GE shares. ``Just because these prices drop below the strike price, it doesn't suggest that either of them are not exceptionally good investments.''

bloomberg.com
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