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


To: Jurgis Bekepuris who wrote (1540)3/8/2004 3:04:14 PM
From: The Duke of URLĀ©  Read Replies (1) | Respond to of 1652
 
Buffett voluntarily agreed to open the bidding. It was.

NO OTHER HIGHER BIDS WERE RECIEVED.

Is this vague in any way?

Berkshire stock has gone up $13,500 A SHARE in the 90 DAYS since the deal. It will go up more in the next 5 to 10 years. That's 56% on a yearly basis.

Your view of the Intrinsic Value of BRK is just, how can I delicately put this, wrong.

But I mean that in the nicest possible way. :)



To: Jurgis Bekepuris who wrote (1540)3/8/2004 3:20:00 PM
From: TimF  Read Replies (1) | Respond to of 1652
 
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!".

If its true that BRK underpaid for Clayton then that is a good thing from the perspective of BRK stockholders. Its generally best to "buy low".

Tim