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Non-Tech : Berkshire Hathaway Class B -- Ignore unavailable to you. Want to Upgrade?


To: Michael & B.Anne who wrote (919)8/9/1999 1:16:00 PM
From: Richard Forsythe  Read Replies (2) | Respond to of 1652
 
Definitely, although there are a couple of other items. First, B shares will be attractive to big holders because of liquidity, despite the slight premium given to the A shares. In fact, the chart shows that A's and B's tracked exactly until about 12/20 last year when the B's fell slightly against the A's -- and have stayed there ever since. I suspect that the big funds took B's over A's in many cases because liquidity is higher and thus could be more easily disposed of vs A's.

Second, there were extremely large blocks of A's and B's being exchanged over the last few weeks. This has evaporated for the A's (unusual to see a block over 20, whereas a couple of weeks ago, blocks were 50+ shares). B's seem to be still seeing the odd block over 1000 shares, but I think this is declining as well (2 weeks ago there were often 2 or 3 blocks of 1000+ shares per day, now it's down none or one).

Richard