Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: cfimx who wrote (1282)	2/17/1999 6:25:00 PM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

Warren Buffett acquires stakes in two companies WASHINGTON, Feb 17 (Reuters) - Famed stock-picker and billionaire Warren Buffett said he acquired a 6.8 percent stake in Great Lakes Chemical Corp stocksheet.com an Indianapolis specialty chemical company, and an 8.1 percent stake in TCA Cable TV Inc stocksheet.com a Tyler, Texas, cable TV systems operator. Buffett, of Omaha, Neb., disclosed his stakes in the companies in separate 13G filings on Tuesday with the Securities and Exchange Commission. The filings were made by a group that included Buffett and his holding company, Berkshire Hathaway Inc (NYSE:BRKa - news). Buffett's 6.8 percent Great Lakes stake equaled 4 million common shares while his 8.1 percent TCA Cable stake was worth 4,035,000 shares. The SEC's 13G filings are usually made by institutions and large investors with ''passive'' investment objectives in a company. But unlike 13D filings, 13Gs do not list the latest transactions such as sales or purchases. Great Lakes Chemical was up around $4 to nearly $40 on the New York Stock Exchange while TCA Cable was up about $3 to nearly $39 on Nasdaq in early-afternoon trading.

To: cfimx who wrote (1282)	2/17/1999 7:11:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 1722

Twister, (Sbarro Update) >>what's up with sba. Still a go iyo?<< I spoke to the company after the close today. Someone sold a million share block. It was not a member of the Sbarro family (they own 35%) and there was no corporate news to account for it. I see it two ways: The arbitrage is even more attractive at this price assuming a close. Worst case you are getting a company with $6 bucks of excess cash and earnings power of $1.80 - $1.90 for $24.75. You're paying about 10 times earnings for a company that generates extremely high returns on non-cash equity that still has domestic growth opportunities and is about to launch a more serious international investment program. It also owns minority stakes in several other restaurants. I ate at one recently and its super. I can't see how you can go wrong. I wish I was a Sbarro family member taking this company private at $28.85. Wayne Crimi - Value Investor Workshop members.aol.com