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Strategies & Market Trends : Buy Berkshire instead of Vanguard S&P (BRKA) -- Ignore unavailable to you. Want to Upgrade?

To: Didi who wrote (200)	2/16/2000 11:19:00 AM
From: Didi	Read Replies (2) \| Respond to of 313

"This is a great buying opportunity"...PaineWebber's analyst Alice Schroeder. ......... 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.' biz.yahoo.com