Florida East Coast Industries(FLA) Message Board

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Non-Tech : Florida East Coast Industries(FLA)

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To: Ann Corrigan who wrote (35)	10/1/1998 2:21:00 PM
From: richard jaegers	of 71

ann Welcome to October You mentioned you own Bershire as I do Here is a thought Wesco Financial (Charley Mungers company ???) Today $293.00 BOOK VALUE $284.00 but that is a low estimate $50 Million in cash no debt Buffett owns a good portion of the operation Charley is older then Warren Buffett buys WSC and blends it into BRK Is this a cheap way to add to your BRK position I would think brk would pay a primium for WSC Advise your thoughts to value invester to another Richard

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