Berkshire Hathaway & Warren Buffet Message Board

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Non-Tech : Berkshire Hathaway & Warren Buffet

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To: 249443 who wrote (148)	10/20/2001 11:21:09 AM
From: 249443	Read Replies (1) of 240

Tough times bode well for Buffett's firm The Wall Street Journal - US Abstracts; Oct 17, 2001 Shares in Berkshire Hathaway Inc. have climbed to a two-year high of $2,500 in the wake of the September 11 attack, as a growing number of Wall Street analysts release positive earnings estimates for Warren Buffett's holding company. "Berkshire is engineered for disaster" according to Morgan Stanley's Alice Schroeder, who last week upgraded Berkshire's shares from "strong buy" to "outperform." According to Schroeder, Berkshire has around $25bn in spare capital that is earmarked for purchases during recessions (Buffett rarely makes acquisitions in times of economic strength, to preserve the company's liquidity). Berkshire's insurance units are expected to rebound promptly from their exposure to the September 11 attacks and other units including Dairy Queen, Executive Jet and Benjamin Moore paints are expected to remain stable.

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