Spekulatius Posted April 8, 2020 Posted April 8, 2020 Many questionable labor practices at this plant of theirs https://www.valuewalk.com/2020/04/sps-technologies-precision-castparts/ - its a pretty big one it seems as well, 5000 plus employees https://www.dnb.com/business-directory/company-profiles.sps_technologies_llc.d298457fd640833efc3d80a968ab5532.html Curious if this is true, would Buffett know about stuff like this? If a company does any work in the medical or related to the medical field , it’s essential. Same with Military. A lot of manufacturing business are open. I actually don’t know of any larger manufacturing business in my circle that is shut down. Stuff like semiconductors, semi equipment, Optics or even suppliers thereoff are all operating.
Xerxes Posted April 9, 2020 Posted April 9, 2020 if not posted already https://www.wsj.com/articles/warren-buffetts-death-spiral-deal-11586192660
rb Posted April 15, 2020 Posted April 15, 2020 Berkshire just got 17 million shares of OXY. https://www.sec.gov/ix?doc=/Archives/edgar/data/797468/000114036120008878/nt10010921x2_8k.htm Edit: Looks like it's dumping it all.
Guest cherzeca Posted April 15, 2020 Posted April 15, 2020 Berkshire just got 17 million shares of OXY. https://www.sec.gov/ix?doc=/Archives/edgar/data/797468/000114036120008878/nt10010921x2_8k.htm Edit: Looks like it's dumping it all. I suppose if you get a load of common at .9 and can sell it at >.9 then you should do it
gfp Posted April 16, 2020 Posted April 16, 2020 yikes - a dud acquisition that PCP did a while ago: https://www.businessinsurance.com/article/20200415/NEWS06/912334059/Berkshire-Hathaway-unit-Precision-Castparts-Corp-wins-$700-million-award-over-fr
gfp Posted April 17, 2020 Posted April 17, 2020 Charlie in WSJ: https://www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006?mod=hp_lead_pos11Charlie_Munger:_‘The_Phone_Is_Not_Ringing_Off_the_Hook’_-_WSJ.pdf
BRK7 Posted April 17, 2020 Posted April 17, 2020 Charlie in WSJ: https://www.wsj.com/articles/charlie-munger-the-phone-is-not-ringing-off-the-hook-11587132006?mod=hp_lead_pos11 With the role that government is taking in this crisis, it's not terribly surprising to hear Charlie say that BRK's phone isn't ringing. I'm wondering which businesses Charlie is referring to here: “We have a few bad businesses that...we could be tolerant of as members of the family. Somebody else would have already shut them down. We’ve got a few businesses, small ones, we won’t reopen when this is over.”
redskin Posted April 20, 2020 Posted April 20, 2020 Has anyone heard what the format will be for the annual meeting? Will Warren be fielding questions from the journalists or analysts?
longterminvestor Posted April 20, 2020 Posted April 20, 2020 https://www.berkshirehathaway.com/sharehold.html Meeting starts at 3pm CST. Unaware of "format" however starting at 3pm doesn't leave much time for Q&A with reporters. Unfortunately.
MarioP Posted April 20, 2020 Posted April 20, 2020 Usually the question period is before the formal meeting From the memo It’s possible that one or more of the journalists that we listed on page A-2 of the 2019 annual report will be present to ask some of the questions submitted to them. We are deferring a decision on this matter, but encourage you to continue to send your questions to them. I hope we'll have more detail soon
Jurgis Posted April 20, 2020 Posted April 20, 2020 Usually the question period is before the formal meeting Yeah, but it says that the broadcast starts at 3pm: Yahoo Finance will webcast the May 2 meeting, going live at 3:00pm CT So that implies there's nothing before that.
MarioP Posted April 20, 2020 Posted April 20, 2020 From the memo It’s possible that one or more of the journalists that we listed on page A-2 of the 2019 annual report will be present to ask some of the questions submitted to them. We are deferring a decision on this matter, but encourage you to continue to send your questions to them. That implies somethings can change
redskin Posted April 20, 2020 Posted April 20, 2020 I emailed Carol Loomis asking if Warren would be taking questions from shareholders. She responded with the following... Yes, he is--though the number of questions probably will be shorter than in previous years.
wescobrk Posted April 20, 2020 Posted April 20, 2020 I emailed Carol Loomis asking if Warren would be taking questions from shareholders. She responded with the following... Yes, he is--though the number of questions probably will be shorter than in previous years. I wonder if it will not be 5.5 hours like the last several decades?
nickenumbers Posted April 21, 2020 Posted April 21, 2020 BREAKING NEWS!!!!!! Daily Journal has just filed their 13F.... wait for it..... wwwwaitttttt for it......... Munger didn't do anything. No buys, no sells. ;)
fareastwarriors Posted April 23, 2020 Author Posted April 23, 2020 Warren Buffett's 'fortress' is breached by coronavirus-related shutdowns https://www.sfgate.com/business/article/Warren-Buffett-s-fortress-is-breached-by-15220734.php
dpetrescu Posted April 24, 2020 Posted April 24, 2020 Does anyone know if the webstream will be open to all - will non-shareholders also be able to watch the webcast?
Dynamic Posted April 24, 2020 Posted April 24, 2020 The Yahoo Finance meeting webcast has been open to anyone since it began, and that includes the formal meeting (the boring part) as well as the Q&A. The only thing never seen by those who don't go to Omaha is the movie.
nickenumbers Posted April 24, 2020 Posted April 24, 2020 It seems BRK has posted a new Proxy to their webpage. Check it out https://berkshirehathaway.com/2020ProxyStmt.pdf It seems that they post their share count as of 3/4/2020, and I compared it to the count at 2/13/2020. Unless I am wrong, it seems they have only repurchased about $1B during that time period. Now, we all know the time after 3/4/2020 was pretty turbulent. I hope they repurchased more shares.
nickenumbers Posted April 24, 2020 Posted April 24, 2020 Here is my quick math. 2/13/2020 3/04/2020 Diff Aprox Value A 700,396 699,123 B 1,385,994,959 1,382,352,370 "A" Share Equiv 1,624,393 1,620,691 (3,701) ($1,032,688,554) -0.23%
StubbleJumper Posted April 24, 2020 Posted April 24, 2020 It seems BRK has posted a new Proxy to their webpage. Check it out https://berkshirehathaway.com/2020ProxyStmt.pdf It seems that they post their share count as of 3/4/2020, and I compared it to the count at 2/13/2020. Unless I am wrong, it seems they have only repurchased about $1B during that time period. Now, we all know the time after 3/4/2020 was pretty turbulent. I hope they repurchased more shares. Thanks for digging that out and sharing. At first glance, those numbers a bit disappointing. On the other hand, that's $1B in three weeks, which would be an annualized rate of ~$17B, if they elected to keep it going for an entire year. If they do elect to keep it going for an entire year, at least BRK's total cash balance wouldn't continue to increase appreciably.... SJ
wabuffo Posted April 24, 2020 Posted April 24, 2020 At first glance, those numbers a bit disappointing. On the other hand, that's $1B in three weeks To be fair, those updated share counts are through March 4. BRK-B (for example) was still trading well above $200 til then with the lowest intra-day low of $199.68 in late Feb. Prices really declined since then and trading volumes ramped up. There's no guarantee that Buffett got more active since March 4th - but here's hoping he did. wabuffo
gfp Posted April 24, 2020 Posted April 24, 2020 Looks right. Of course it cost them more than $1.03 Billion to buy because they were buying between those dates and it appears you used todays price to estimate the dollar amount. More than $1.2 Billion worth in three weeks - so a decent rate but they may have stopped buying in the dip just because that's how he seems to do things... Here is my quick math. 2/13/2020 3/04/2020 Diff Aprox Value A 700,396 699,123 B 1,385,994,959 1,382,352,370 "A" Share Equiv 1,624,393 1,620,691 (3,701) ($1,032,688,554) -0.23%
wescobrk Posted April 24, 2020 Posted April 24, 2020 They should do a longevity study with the Berkshire board members in their 90's. There are 3 currently and will be 4 in August! I wonder if there is any other company in the S&P 500 that has ANY board members that are 90 and up?
bookie71 Posted April 24, 2020 Posted April 24, 2020 How much is converting A shares to B shares to give to the Gates and other foundations?
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