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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (56048)	4/15/1999 3:10:00 AM
From: michael c. peterson	Respond to of 132070

Wayne, I have read a lot of your material on Gold-Eagle.Nice to see you on this thread. MP

To: Freedom Fighter who wrote (56048)	4/15/1999 8:32:00 AM
From: accountclosed	Read Replies (4) \| Respond to of 132070

Buffett says "virtually all" stocks too expensive LONDON, April 15 (Reuters) - Billionaire investor Warren Buffett reiterated on Thursday his warning that U.S. share prices were too high, saying that ''virtually all'' company shares he might want to buy were too expensive. Buffett told BBC radio while in Paris on a business trip that he would advise small investors not to be too eager to buy into Wall Street equities. ''It is tough,'' Buffett said. ''Equity valuations, at least in the U.S., are fairly full and I would not advise somebody in the U.S. to rush into the equity market.'' Asked about the companies he might want to buy, Buffett said: "It is too expensive for me in virtually all cases." Buffett, who is based in Nebraska and is known as the "Sage of Omaha," remained silent about the identity of the British blue-chip company in which he is building a stake. On Monday, Buffett said he was buying into an unnamed British company. His extremely successful holding company Berkshire Hathaway (NYSE:BRKa - news) has $15 billion in cash to invest and boosted net earnings by nearly 50 percent in 1998. Buffett acknowledged that soon he may be forced by London stock exchange rules to reveal the identity of the British company if his stake reaches three percent. Shares in British retail bellwether Marks & Spencer Plc(quote from Yahoo! UK & Ireland: MKS.L) climbed by three percent on Wednesday on talk that it was the mystery company, dealers and analysts said. They said that other UK stocks that had been mentioned in the market as possible targets included Amvescap (quote from Yahoo! UK & Ireland: AVZ.L), Unilever (quote from Yahoo! UK & Ireland: ULVR.L), Reckitt & Colman (quote from Yahoo! UK & Ireland: RCOL.L), Diageo (quote from Yahoo! UK & Ireland: DGE.L), Cadbury Schweppes (quote from Yahoo! UK & Ireland: CBRY.L), Vodafone (quote from Yahoo! UK & Ireland: VOD.L) and Reuters Group (quote from Yahoo! UK & Ireland: RTR.L). biz.yahoo.com