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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sidney-8 who wrote (48862)	5/1/2000 10:58:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

ho ho ho mike: "Buffett has as much as said, that you would have to be a fool to by his stock at the current inflated price. Oh, and that was over a yr ago I believe." From the annual letter released on 3/10/2000 (less than 2 months ago): "We will not repurchase shares unless we believe Berkshire stock is selling well below intrinsic value." "Recently, when the A shares fell below $45000 ($1500 on the B), we considered making repurchases...If you wish to offer stock, have your broker call Mark Millard at 402-346-1400...We will favor purchase of the B shares if they are selling at more than a 2% discount to the A. We will not engage in transactions involving fewer than 10 shares of A or 50 shares of B." Oh yea, and "Please be clear about one point: We will never make purchases with the intention of stemming a decline in Berkshire's price."