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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (2842)	6/3/2001 5:48:10 AM
From: Moominoid	Read Replies (3) \| Respond to of 4691

I think there were plenty of whoops in Buffett's career, certainly early on, I'd have to go through Loewenstein's book again to check some out. USG's chart looks like Iridium :( But it has price to book of 0.7 and a lot of that book is real assets. Analysts consensus is actually for a rebound in profitability for 2002. The question is whether the charge they took last year for asbestos issues is the end of the story? Well, I hadn't looked at this till just now. Buffett has been doing some very strange things recently in my opinion. I wonder if I should sell BRK/B? On another point, DELL looks technically very weak. Vectorvest give a value of about $12 and Market Edge say to short it. I think I will get out right away for a small profit... David

To: James Clarke who wrote (2842)	6/3/2001 1:27:55 PM
From: Jurgis Bekepuris	Respond to of 4691

James, Did you follow Marty Whitman's take on USG? He had a stock position and then later bought bonds, which offer senior claims in case of bankruptcy. See www.thirdavenuefunds.com - Marty's Q&A and semi-annual report. Jurgis - No, I don't follow the company

To: James Clarke who wrote (2842)	6/4/2001 12:11:33 AM
From: cfimx	Respond to of 4691

James, Fwiw, at the annual meeting, Buffett said that the media OFTEN gets it wrong when they attribute purchases to him. For example, he pointed out that the media credited him with The Gap, and he admitted he had never opened the Annual Report! He said that purchases made by Louis Simpson at Geico can be done through a Berkshire sub and thus a get a Berkshire disclosure, and vice versa. For example, any of WEB's picks could be executed through Geico. The upshot is that ONE NEVER knows, unless he openly talks about it, (he admitted that LIZ was HIS) who is actually taking the stake. I DON"T know if Buffett is ON RECORD with USG, HE may well be. But I've seen it over and over on this board that whenever Berkshire takes on a new position that it is AUTOMATICALLY Warren's. In MOST cases it probably isn't.

To: James Clarke who wrote (2842)	6/13/2001 3:45:29 PM
From: Bob Rudd	Respond to of 4691

USG: I put my toe in the water at 4 then jumped right back out after IR indicated that if Sub US Gypsum filed, the parent wouldn't have cashflow to cover the debt. Thus a filing by the sub that left the parent semi-protected by the corporate veil would be unlikely. There's intelligent life & discussion on the USG yahoo thread [rare, but it happens]. Congresional action to bring rationality to asbestos claims process looks unlikely to me as Dems can bottle up proposals in committee as long as their buddies, the lawyers, want them to.