Berkshire "berappeln" sich
Buffett reaps $1 billion profit on Chinese carmaker
On Friday July 31, 2009, 11:38 am EDT
Buzz up! 4 Print
Companies:Berkshire Hathaway Inc.Goldman Sachs Group Inc.Lehman Brothers Holdings Inc.
By Jonathan Stempel
Reuters - Billionaire investor Warren Buffett, chief executive officer of Berkshire Hathaway, smiles as he meets hedge fund manager Zhao ...
Related Quotes
Symbol Price Change
BRK-A 97,000.00 +205.00
GS 163.30 +0.88
LEHMQ.PK 0.0381 +0.0001
{"s" : "brk-a,gs,lehmq.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK-A - News; NYSE:BRK-B - News) has realized a $1.02 billion paper profit on a 10-month-old investment in BYD Co (HKSE:1211.HK - News) after shares in the Chinese car and battery maker quintupled.
Berkshire's MidAmerican Energy Holdings Co unit had agreed last September 26 to buy 225 million BYD shares at HK$8 each, a transaction then worth about $230 million.
The China Securities Regulatory Commission on Thursday granted approval for the transaction, which gives Berkshire a 9.89 percent stake. BYD shares closed Friday at HK$42.90, valuing Berkshire's stake at HK$9.65 billion, or about $1.25 billion.
Hong Kong's benchmark Hang Seng index (HKSE:^HSI - News) is up 10 percent since Berkshire revealed the BYD investment.
Berkshire agreed to the stake three days after deciding to buy $5 billion of Goldman Sachs Group Inc (NYSE:GS - News) preferred shares, despite the then-pervasive market turmoil after Lehman Brothers Holdings Inc's (Other OTC:LEHMQ.PK - News) bankruptcy.
Warrants attached to the Goldman investment have since generated a $2 billion paper profit for Berkshire.
"Buffett has grown more comfortable investing in foreign companies in recent years," said Andy Kern, who writes the blog Berkshire Ruminations and is a doctoral candidate at the University of Missouri-Columbia.
"Domestically, Buffett is taking advantage of Berkshire's solid capital position," he added, "while internationally, it's more that Buffett is simply finding bargains."
Other non-U.S. investments by Berkshire include the reinsurer Swiss Re (VTX:RUKN.VX - News) and the South Korean steelmaker Posco (005490.KS).
Earlier this decade, Berkshire made a few billion dollars on what had been a $488 million investment in Chinese oil company PetroChina Co (Shanghai:601857.SS - News).
Buffett is the world's second-richest person, after Microsoft Corp (NasdaqGS:MSFT - News) co-founder and Berkshire director Bill Gates, according to Forbes magazine.
Founded in Shenzhen in 1995 as a maker of rechargeable batteries, BYD expanded into mobile phones and automobiles.
It expects to sell 400,000 vehicles this year, and targets the sale of as many as 9 million by 2025, according to Henry Li, general manager of BYD Auto's export arm.
BYD Auto launched its first plug-in hybrid vehicle, the F3 DM sedan, last December.
Berkshire, based in Omaha, Nebraska, is a roughly $150 billion conglomerate that has close to 80 businesses selling such things as car insurance, ice cream and underwear, and which invests in dozens of companies.
Analysts on average expect Berkshire on August 7 to report a decline in second-quarter operating profit. Net income and Berkshire's book value may grow if rising stock markets boost the value of Berkshire's derivatives contracts.
Berkshire Class A shares were up $305 at $97,100 in morning trading on the New York Stock Exchange.
(US$1 = HK$7.75)
(Additional reporting by James Pomfret and Joanne Chiu in Shenzhen; Editing by Steve Orlofsky)
https://finance.yahoo.com/news/...shire-hathaway-b-brk-153003100.html
By Andrew Bary
Updated Sept 04, 2024, 6:11 pm EDT / Original Sept 04, 2024, 2:51 pm EDT
https://www.barrons.com/articles/...en-buffett-08defedd?siteid=yhoof2
"Berkshire Hathaway is what I call an up stock. It's been that way since Leon Cooperman first told me about it in 1983 and '84, and it remains an up stock even today."
Berkshire Hathaway (NYSE:BRK-B) is a strong investment due to its diverse portfolio and financial stability. Berkshire Hathaway (NYSE:BRK-B) spans various sectors, including insurance with GEICO, energy through Berkshire Hathaway Energy, railroads with BNSF Railway, and consumer goods like Duracell and See’s Candies. This broad diversification reduces risk and provides steady revenue streams, allowing Berkshire Hathaway (NYSE:BRK-B) to thrive in different economic conditions.
Its insurance operations generate significant cash flow, which Warren Buffett uses for strategic investments, supporting long-term growth. Berkshire Hathaway (NYSE:BRK-B)'s investment portfolio includes major stakes in top-performing companies like Apple Inc.
https://finance.yahoo.com/news/...s-berkshire-hathaway-103721842.html
Daniel Sparks, The Motley Fool
Fri, Sep 6, 2024
https://finance.yahoo.com/news/...s-berkshire-hathaway-074600108.html
Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) stock price hit an all-time high on Aug. 30 -- Warren Buffett's 94th birthday -- before proceeding to rise even higher on Sept. 3 despite a 2.1% sell-off in the S&P 500. The shares of the giant conglomerate are now up more than 27% year to date, outperforming both the S&P 500 and Nasdaq Composite by a wide margin.
https://finance.yahoo.com/news/...stocks-buy-berkshire-083000492.html
Mein Eindruck ist, die Aktie performt besser als die meisten ETFs. Vielleicht auch, weil die riesigen Barmittel nahezu jede Investition zum Erfolg führen können...
Nach Rally | 16.09.2024 16:41:00 |
Berkshire Hathaway-Aktie unter Druck: Längste Verlustserie seit über zehn Jahren
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https://www.ariva.de/news/...t-berkshire-hathaway-wer-warren-11371859
Maham Fatima
Thu, Sep 19, 2024
Overall BRK-B ranks 5th on our list of the best Fortune 500 stocks to buy.
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