Valuehalla

Mason Hawkins added FFH during 2Q at the Longleaf Partners Funds, 6,17 % of the funds portfolio His comment on it: http://longleafpartners.com/sites/default/files/categories/Documents/2Q17-Longleaf-Partners-Commentary.pdf

Added again a small position of CTL for 20,26 US$; annual dividend 2,16 US$ = Div rate of 10,7 % Quarterly dividend of 0,54 US$ payable on app 15. September, for holders of app. 2. September Decission for this dividend awaited around 23th August

CTL would be a good deal today, nearly 10 % dividend rate und 40 % upside potential... see the discussion about CTL in this board

The marketreaction on Friday was disapointing ...

It looks great. Oncor will provide app. 1,8 B EBITDA and app. 1,6 B CF. http://www.oncor.com/EN/Documents/Investors/Q1%202017%20Earnings%20Call%20Deck%20-%20Final%20-%205.08.17.pdf On the invested cash of 9b thats app 20%, on the 11,25 B thats 15 %. Further there will be a bulk of operative and financial synergies, which will be realized in the future. So very well done. If we add app. 1,7 B to 24,1 B full year earnings of BRK thats 25,8 B so 7,5 % more. Mr Market shall deliver us 7,5 % more marketcap....please ! 8)

Acquisition is done: https://www.wsj.com/articles/warren-buffetts-berkshire-nears-a-deal-to-buy-oncor-1499363036 Here is the press release of BRK: http://www.berkshirehathawayenergyco.com/news/oncor-to-join-berkshire-hathaway-energy

"You're still seeing money coming out of tech and into financials," said Marc Chaikin, CEO of Chaikin Analytics. "The rally in financials has real legs." http://www.cnbc.com/2017/07/03/us-stocks-second-half-banks-tech.html Week No 4 of Deja Vu is on air! Today was another strong day on which Techs are tanking and BRK is surging.

We trust in the Omaha-Vatican. If there is relief in faith (Apple & Airlines) we promise to wake up and think about it. Till than we stay very catholic. Bishop John is on my side ?

One of clutch feets seems to be in hell already. Lets be firmly in faith. Maybe a good Excorcist can help him out. ;D

John is right: The profit of the BAC WT deal is already included in the BV that is published by BRK, so no massive impact on the Q2 results. The impact is just the change in marketprice of BAC from end of Q1 (16,513B) till end of Q2 (16,982B) = 0,469 B. The question here is about the tax situation (I have no idea about that), if taxes need to be paid on the whole profit by doing the swap. So maybe exercising is cashflow negative. See page 49: http://www.berkshirehathaway.com/2016ar/2016ar.pdf In opposite to this matter, the KHC profit is NOT included in the published BV. KHC is in the books for 15,3B, buying price was just 9,8 B and marketvalue yesterday was 27,887 B. So 12,587 B to add on the BV, minus deffered tax. See page 18 and 19: http://www.berkshirehathaway.com/letters/2016ltr.pdf

https://www.bloomberg.com/news/articles/2017-06-30/technology-selloff-couldn-t-come-at-a-worse-time-for-these-funds

2nd Quarter is done. 31.3.2017 BV per B-share was 118,715 US$ Price B-share was 166,68 US$ MarketCap 411,95 B BV 293,4 B 3 month till today 30.6.2017 Estimated Operative Gains: 5 B Estimated Gains Portfolio: 2,77 B results in: BV = 301,17 B BV B-share = 121,859 US$ KHC adjustment: 27,887B (marketvalue today) - 15,3B (BV KHC) = + 12,587 B results in: BV = 313,757 B BV B-share = 126,952 US$ B-share closingprice today 169,37 US$, so we are 1,33 above KHC adjusted BV and 1,39 above published BV by BRK (The BAC WT gains are included in all figures) Please comment folks...

Find enclosed a chart, which compares BRK with the S&P 500 and with the FANG from the 8th June on, till now.....so the time after i posted the Deja Vu article on evening of 9th June (the Deja Vu day), till today. RESULT: The Deja Vu is on track 3 weeks now: BRK is the winner (+1,44%) since 8th June, No2 is Mr Market in avg S&P 500 (- 0,58 %), and than come the FANG (worst Netflix:- 9,52 %) . Deja_Vu.pdf

Sure..BRK "just" stable today in US$ = , so this is better than the market (S&P500) and Techs were much more worse than market avg. today I think - like WEB - currency changes cant be predicted by anyone. But for me, as being located in Germany, a bad day... I whish to see parity EUR USD ;D or below

Two different opinions: http://www.cnbc.com/2017/06/24/stocks-to-plummet-40-percent-or-more-warns-marc-dr-doom-faber.html http://www.cnbc.com/2017/06/27/some-fang-stocks-are-still-undervalued-salesforce-ceo-marc-benioff.html

Techs bounced back yesterday..... melting is over for now ?

Here is a tabell based on 2015, quote from Semper Augustus Letter: Tells you all you need to know.

HERE WE GO: Dow falls 100 points as tech stocks slide; Apple falls http://www.cnbc.com/2017/06/15/us-stocks-tech-federal-reserve.html

I am a day watcher and a decade trader. ;D :) (During the last 6 month I just bought CTL Centurylink, pls see my posts about CTL.) Thats it. My first position in BRK I bought around 1st Feb 2000.

The Tech meltdown stopped today and Techs bounced back.... lets await the next days..

The big tech rout may just be getting started http://www.cnbc.com/2017/06/12/the-big-tech-rout-may-just-get-be-getting-started.html

The mentioned quote above "So CoBF developed..." is not from me. IBM: is a great company, I am invested in IBM as well, last 2 trading days their pricedevelopment was not like the expansive Techs. IBM is cheap. Apple: I like that BRK is in Apple, good company, maybe cheap now (?) I am not into that subject. John, I opened the post on Friday 9th June 2017, because I see strong parallels to 1st Feb 2000 and the time after. Time will tell, if I am correct ... Please read my first post from 9th June, thats what i like to talk about. No hate against FANG... ;D but these shares are to expansive to my mind.

2nd Day Deja Vu is done: Techs tanked, BRK rised

WSJ: "Apple, Facebook, Amazon: Suddenly, Tech Stocks Are Getting Slammed Five tech and internet stocks had accounted for 41% of the S&P 500’s advance this year" https://blogs.wsj.com/moneybeat/2017/06/09/suddenly-tech-stocks-are-getting-slammed/ or use this non-subscriber-link: https://archive.is/Aox5J

35 B is my estimated CF from operating activities in 2017: For further reference see the 2016 AR on page 40: http://www.berkshirehathaway.com/2016ar/2016ar.pdf In the past 10 years this figure was growing app. 13,5 % per year = doubling all 5 1/2 years.