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

To: zyx1996 who wrote (1362)	2/15/2000 6:00:00 AM
From: Duker	Read Replies (1) \| Respond to of 1652

Typical: Here is the headline from an iWSJ article today. Wouldn't you think that any article with this title would mention GEICO? No. Not once. They mention PGR (also a fine company ... one of GEICO's 'silver bullet' targets) at the very end. Major Automobile Insurers Warm Up to Internet Sales February 15, 2000 By DEBORAH LOHSE Staff Reporter of THE WALL STREET JOURNAL ... "Eighty percent of premiums go to claims," says Alan Bauer, who runs Internet operations for Progressive Corp., one of the nation's biggest car insurers. Claims adjusters "look at wrecked cars, talk to attorneys, go to hospitals. The acquisition side ... is really a minor piece of the whole puzzle." [I included the PGR quote because it was the only lucid statement in the article.] --Duker

To: zyx1996 who wrote (1362)	2/15/2000 1:26:00 PM
From: zyx1996	Read Replies (2) \| Respond to of 1652

Finally, a technical rebound. included a news from Yahoo Tuesday February 15, 9:58 am Eastern Time RESEARCH ALERT-Berkshire Hathaway rating raised NEW YORK, Feb 15 (Reuters) - PaineWebber on Tuesday said analyst Alice Schroeder raised her rating on Warren Buffett's holding company Berkshire Hathaway Inc. (NYSE:BRKa - news) (NYSE:BRKb - news) to buy from attractive, saying the stock has been beaten down unfairly. -- ``We attribute weakness in the stock to false rumors about Warren Buffett's health, unfounded concern over tobacco liability, and general aversion to non-technology names,' Schroeder said in a research note. -- Schroeder, an insurance analyst, is considered one of the top analysts covering the holding company. -- ``This is a great buying opportunity: Berkshire is now trading at its lowest valuation relative to book value since 1983,' she said. -- Class A shares were not yet open for trading on the New York Stock Exchange but were indicated to open higher, at between $45,000 and $46,000 a share, up from an NYSE Monday closing price of $43,100. -- Shares of the company tumbled in 1999 from a level of about $77,000 in May. The stock had a brief resurgence in late October but has seen sharp losses in the past several sessions. -- Schroeder said her upgrade comes despite the fact that the company is facing several negative factors: a market that is focused on momentum, valuation levels that are ``often considered irrelevant'; continued selling pressure as money moves away from companies seen as being value names; and the fact that the company is forecast to post weak operating earning in the upcoming quarter. -- Nevertheless, she said, ``we believe the stock is so compellingly priced that it simply overwhelms these factors.'