gfp

I don't know about you all, but I went straight to my big yellow bucket of rodent poison, called Havoc, and was disappointed to learn that the poison I have been using is from their competitor Neogen. An interesting company with a lot of niche products. A tiny part of the company is rodent poison... Basically Warfarin for mice https://www.neogen.com/en/categories/rodent-control/

Here is a press release from 2013 detailing the sale of Bell Laboratories' consumer product "Tomcat" to Scotts Miracle-Gro https://www.prnewswire.com/news-releases/scottsmiracle-gro-expands-controls-category-with-purchase-of-tomcat-consumer-business-227651131.html "In addition to research and development, Bell Laboratories, Inc. will continue to perform regulatory and manufacturing functions for the Tomcat brand."

good for Ajit. More than half his Berkshire is owned in the foundation. $80m in family trusts and $90m in the foundation.

To be clear, if your guess was Nokia-owned Bell Labs and not the rodent control company you do not get a prize.

I don't know the first thing about the company but it seems like there was a registration statement filed Friday to sell up to 14.6 million shares? https://www.sec.gov/ix?doc=/Archives/edgar/data/2000756/000182912625005947/kwavemedia_f1.htm

You may be able to tease it out of the next 10Q depending on what else goes on this quarter but it is not unusual for a family to wish the proceeds of their private sale to remain private.

Here is another announcement - that Ben Bridge and Helzberg will be put under common management https://www.jckonline.com/editorial-article/berkshire-hathaway-ben-bridge/

I am sure it is not large enough to require a form 8K. I'm encouraged that Warren made it out to Wisconsin (with Howie and Greg) for the announcement. Just like the old days, give the old man the thrill of buying a private family owned company one more time! Let him sign the check Greg!

Who had "Bell Laboratories" on their bingo card as the next Berkshire Hathaway acquisition? Come forward and claim your prize https://www.pctonline.com/news/bell-laboratories-acquired-berkshire-hathaway/

For the visual folks

It was a true sale of Wade's shares but he has a history of always doing this. He still owns options to acquire over 25k FFH shares at prices far below the current market price. He receives FFH shares and he periodically sells them all. Look at his history on Sedi - he does the same thing over and over across many years.

I don't think there will be a right of first refusal. The A-shares will be converted to B-shares as they are sold over a 10 year period. The float adjusted weighting of Berkshire in the S&P500 will rise as Warren's stock is distributed into the "free float." So some of the shares will end up in index funds, sector funds and index-like funds. If the stock trades at 1.5x book or below, Berkshire will probably buy a significant amount of stock over the 10 year period, maybe more shares than Warren owns. It depends on the market price obviously. But Berkshire wouldn't be buying them directly from the Buffett foundations just like it doesn't buy shares directly from the Gates Foundation. Since two of Buffett's children will be on the Board of Directors, I don't think they will "call the hotline" to sell blocks of stock directly to Berkshire as that would open up a can of worms that using the exchange helps avoid. I could be wrong of course - Berkshire can be unconventional at times!

I wonder if UNP needs Berkshire to bid for CSX in order to get their deal approved. If Berkshire does nothing does the UNP deal get the green light?

What are the odds that Freddie and Fannie can be merged and IPOed by November 2025? I'm going to go out on a limb and say there is near zero chance they can even be merged by then.

I don't think Berkshire is a seller of BNSF. I think the most Berkshire-like thing they could do is to do nothing while everyone and their brother says they "have to" buy CSX now.

I had thought that maybe Berkshire had received a phone call on Skechers when it was being shopped to 3G but their merger proxy just came out and the 'Background of the Merger' narrative does not make any mention of another party like Berkshire being given a call. Just that the advisors said the likelihood of another acquirer being willing and able to pay more than 3G was 'low.' https://www.sec.gov/Archives/edgar/data/1065837/000110465925074187/tm2516935-12_defm14c.htm

Small insider purchase at Brown & Brown yesterday, spouse's account technically. $91.44/sh https://www.sec.gov/Archives/edgar/data/79282/000095017025105218/xslF345X05/ownership.xml

And Eurobank keeps on trucking. At least FFH's sales into Eurobank's repurchases will book the types of gains these analysts can count.

Give it a couple of weeks to when POTUS is back to not trying to pressure Russia and he will probably let this tantrum slip away with little fanfare.

Yeah, RBC's recent report was like - 'earnings were way ahead of our estimates because of the gains on the TRS.' I mean, that was like the most predictable figure in the entire earnings release.

Finca Kuppy is vacant land in PR that is his. He also has a house in PR that is his. The property in the letter that he is offering to buy is the office space in PR they run the hedge fund and 'KEDM' out of.

A belated wind-down of Mongolia Growth Group (CA: YAK) https://www.mongoliagrowthgroup.com/wp-content/uploads/Farewell-letter-.pdf https://www.mongoliagrowthgroup.com/wp-content/uploads/MGG-press-release-August-5-2025.pdf

Ah! They finally brought up that the revision was in August 35 minutes into the interview. Took me a while to get to it

It's too soon to tell. Their most recent comments still show them converting them to gas over time but things have changed since this powerpoint was released. .... .... They still expect to be generating 20% using coal 5 years from now. I assume the decisions that have already been approved by regulators and put into motion will proceed as expected. Maybe regulators have to take a second look at longer term plans if they are no longer the best move for ratepayers.

I would expect a complete halt to those "repowering" projects where they take an existing wind farm and replace the turbines with newer, larger, higher producing models and re-start the production tax credit clock. Berkshire will build what makes economic sense and for the immediate future that is going to be gas fired power plants, delaying shutdown of coal plants and maybe a tiny amount of small nuclear in the distant future. But they did what they could with renewables while the sun was shining and that installed base will serve them well. Luckily they were aggressive during that period. Nothing wrong with natural gas. Its great