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


To: Jurgis Bekepuris who wrote (3085)9/29/2002 7:42:33 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 4691
 
Jurgis,

I do not know if the $45,000 is the intrinsic value or some percent below. We were buying the stock below $45,000 when the hot money was chasing the dot.com's - in fact I believe it printed $41,400 during that time. It has been a while but at that time I found out Warren had this open offer and purchasing the stock below his offer price was a zero risk investment.

Joan