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

To: The Duke of URL© who wrote (1539)3/8/2004 2:53:42 PM
From: Jurgis Bekepuris  Read Replies (2) | Respond to of 1652
 
Duke,

Clayton's stock was underpriced. BRKs stock is fairly valued or overpriced. So there is no bargain of buying BRK after getting lowballed by Buffett. It's the same as somebody would give you $.80 for a $1 and then tell you: "Hey you can make money by buying $.75 for the $.80 I gave you!".

Much more information is available from unsuccessful attempts to stop Clayton's sale.

It is Buffett's job to buy companies cheap. I don't object to it. What I object is unfair reporting as if everybody was happy with the sale. "Clayton's board was receptive..." - yeah, and that's just before sections about boards rubberstamping decisions infavorable to shareholders.

Jurgis



To: The Duke of URL© who wrote (1539)3/8/2004 3:12:51 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 1652
 
>McLane will automatically at least double its business

The problem is not sales. The problem is profit margin. 1% PRE-TAX profit has a nasty habit of fluctuating into 1% loss teritory. Even in the best hands.

Jurgis


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