Munger_Disciple Posted April 4, 2020 Share Posted April 4, 2020 As a 13G filer, doesn't BRK have to amend his 13G to disclose all transactions until he falls below 5%? No. An amended 13G is only filed once a year. Berkshire filed the 2020 amendment in Feb and they are not required file another until 2021. Link to comment Share on other sites More sharing options...
bizaro86 Posted April 4, 2020 Share Posted April 4, 2020 As a 13G filer, doesn't BRK have to amend his 13G to disclose all transactions until he falls below 5%? No. An amended 13G is only filed once a year. Berkshire filed the 2020 amendment in Feb and they are not required file another until 2021. Would they need to file an amended 13g if they went below 5%? Link to comment Share on other sites More sharing options...
Munger_Disciple Posted April 4, 2020 Share Posted April 4, 2020 Would they need to file an amended 13g if they went below 5%? I think they are not required to until 2021. Link to comment Share on other sites More sharing options...
gfp Posted April 6, 2020 Share Posted April 6, 2020 Berkshire going about their regular business - with a Yen note offering, size unknown - probably small, routine refinancing https://www.sec.gov/Archives/edgar/data/1067983/000119312520084148/d861445d424b5.htm A few more details from Bloomberg - "In Asia, Warren Buffett’s Berkshire Hathaway Inc. is set to join the record bonanza of corporate debt sales with a multi-tranche sale of yen-denominated bonds maturing in as long as 40 years later this week. The conglomerate is offering 10-year notes with a spread of 100-110 basis points, about double the 50 basis points it paid to sell similar-maturity notes in September." Link to comment Share on other sites More sharing options...
indythinker85 Posted April 7, 2020 Share Posted April 7, 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? Link to comment Share on other sites More sharing options...
Dynamic Posted April 8, 2020 Share Posted April 8, 2020 I doubt this would have reached Buffett until this report. I am aware of another manufacturer and distributor of fastenings in another country who have issued letters to relevant employees so they can show them if stopped when traveling to work, stating that they manufacture and supply fastenings to medical equipment manufacturers and are thus essential workers. Nonetheless they recognise that it's a modest fraction of their business and seem to be taking a responsible attitude to the lockdown in furloughing many staff and having all vital admin staff work from home where possible to support the reduced level of business they are conducting and administer the furloughing etc. Hard to guess how much is legitimate from the outside of the firm and how much is playing fast and loose with the lockdown orders. Also hard to guess if the employee source has legitimate concerns or is for example petrified of going to work or home a grudge. Link to comment Share on other sites More sharing options...
Spekulatius Posted April 8, 2020 Share 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. Link to comment Share on other sites More sharing options...
Xerxes Posted April 9, 2020 Share Posted April 9, 2020 if not posted already https://www.wsj.com/articles/warren-buffetts-death-spiral-deal-11586192660 Link to comment Share on other sites More sharing options...
rb Posted April 15, 2020 Share 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. Link to comment Share on other sites More sharing options...
Guest cherzeca Posted April 15, 2020 Share 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 Link to comment Share on other sites More sharing options...
gfp Posted April 16, 2020 Share 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 Link to comment Share on other sites More sharing options...
gfp Posted April 17, 2020 Share 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 Link to comment Share on other sites More sharing options...
BRK7 Posted April 17, 2020 Share 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.” Link to comment Share on other sites More sharing options...
redskin Posted April 20, 2020 Share 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? Link to comment Share on other sites More sharing options...
longterminvestor Posted April 20, 2020 Share 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. Link to comment Share on other sites More sharing options...
MarioP Posted April 20, 2020 Share 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 Link to comment Share on other sites More sharing options...
Jurgis Posted April 20, 2020 Share 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. Link to comment Share on other sites More sharing options...
MarioP Posted April 20, 2020 Share 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 Link to comment Share on other sites More sharing options...
redskin Posted April 20, 2020 Share 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. Link to comment Share on other sites More sharing options...
wescobrk Posted April 20, 2020 Share 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? Link to comment Share on other sites More sharing options...
nickenumbers Posted April 21, 2020 Share 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. ;) Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 23, 2020 Author Share 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 Link to comment Share on other sites More sharing options...
dpetrescu Posted April 24, 2020 Share 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? Link to comment Share on other sites More sharing options...
Dynamic Posted April 24, 2020 Share 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. Link to comment Share on other sites More sharing options...
nickenumbers Posted April 24, 2020 Share 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. Link to comment Share on other sites More sharing options...
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