fareastwarriors Posted January 16 Author Share Posted January 16 Haslam family sells Berkshire Hathaway remaining 20% share of Pilot Travel Centers Link to comment Share on other sites More sharing options...
gfp Posted January 16 Share Posted January 16 Berkshire put out a short press release also. We should be able to see the price paid in the Q1 filings when they come out. https://www.businesswire.com/news/home/20240116124868/en/ Link to comment Share on other sites More sharing options...
John Hjorth Posted January 17 Share Posted January 17 Thanks @gfp, So this ended up exactly according to your expressed and expected playbook, ref. one of your earlier posts here on CoBF about it. All good. Link to comment Share on other sites More sharing options...
backtothebeach Posted January 17 Share Posted January 17 Excellent. Berkshire now fully owns the largest truck stop/highway travel center chain in the U.S. How can that not be good. Price paid is water down the bridge. Link to comment Share on other sites More sharing options...
Gamecock-YT Posted January 20 Share Posted January 20 might lend more evidence that citi is the missing BRK stock https://www.bloomberg.com/news/articles/2024-01-20/warren-buffett-tells-citi-ceo-to-continue-overhaul-reuters-says?srnd=markets-vp Link to comment Share on other sites More sharing options...
DooDiligence Posted January 21 Share Posted January 21 Here's a Reuters of the same. https://www.reuters.com/business/finance/warren-buffett-tells-citigroup-ceo-fraser-keep-going-with-overhaul-source-2024-01-20/ Link to comment Share on other sites More sharing options...
xboojum Posted January 23 Share Posted January 23 In this otherwise rather grim story about declining toy sales in the UK, it's noted that the bestselling toy in the UK last year was Jazwares' Squishmallows: https://www.theguardian.com/business/2024/jan/23/squishmallows-uk-toy-sales-games-action-figures Link to comment Share on other sites More sharing options...
Eldad Posted January 25 Share Posted January 25 All time high baby! Link to comment Share on other sites More sharing options...
gfp Posted January 25 Share Posted January 25 $825 Billion Link to comment Share on other sites More sharing options...
winjitsu Posted January 30 Share Posted January 30 Does anyone keep a current P/BV valuation up to date for BRK accounting for investment portfolio changes? I use this in a pinch but I'm sure that the BV value is from 9/30, missing the recent stock rally. Still feels like BRK is overbought and trending towards 1.6x P/BV now Link to comment Share on other sites More sharing options...
backtothebeach Posted January 30 Share Posted January 30 Year-end BV should be around $260 per B-share. Link to comment Share on other sites More sharing options...
gfp Posted January 30 Share Posted January 30 More out with the old at Pilot - https://www.reuters.com/business/pilot-energy-business-president-marketing-chief-out-shakeup-2024-01-30/ Link to comment Share on other sites More sharing options...
xo 1 Posted February 2 Share Posted February 2 On 1/30/2024 at 5:02 PM, gfp said: More out with the old at Pilot - https://www.reuters.com/business/pilot-energy-business-president-marketing-chief-out-shakeup-2024-01-30/ I have long avoided learning anything about energy trading, so I ask from ignorance, but can someone explain what the point of the energy trading operations were/are for Pilot? Do all these changes signal that BRK is shutting down, or at least scaling back, the petroleum trading desk? Link to comment Share on other sites More sharing options...
Gamecock-YT Posted February 3 Share Posted February 3 9 hours ago, xo 1 said: I have long avoided learning anything about energy trading, so I ask from ignorance, but can someone explain what the point of the energy trading operations were/are for Pilot? Goosing the Haslam's EBIT number Link to comment Share on other sites More sharing options...
yesman182 Posted February 3 Share Posted February 3 10 hours ago, xo 1 said: I have long avoided learning anything about energy trading, so I ask from ignorance, but can someone explain what the point of the energy trading operations were/are for Pilot? Do all these changes signal that BRK is shutting down, or at least scaling back, the petroleum trading desk? I assume so. Buffet has long said if he thought he could make money trading oil futures he wouldn’t need to operate a railroad that requires billions of capex. I assume that carries over to pilot as well. Link to comment Share on other sites More sharing options...
ValueMaven Posted February 3 Share Posted February 3 Forest River made a $300M acquisition ... https://stnonline.com/news/starcraft-parent-company-forest-river-acquires-collins-bus/ Link to comment Share on other sites More sharing options...
gfp Posted February 3 Share Posted February 3 1 hour ago, ValueMaven said: Forest River made a $300M acquisition ... https://stnonline.com/news/starcraft-parent-company-forest-river-acquires-collins-bus/ Thanks for posting the article. Strange that they would say this out loud (I'm sure not uncommon but probably illegal) - "Forest River and Starcraft agreed to stop making school buses in 2020, when it acquired REV Group’s competing shuttle bus business." Link to comment Share on other sites More sharing options...
yesman182 Posted February 4 Share Posted February 4 @gfp how do you think Peter Liegl of Forest river gets the cash for that purchase. Obviously forest river makes a lot of money, but I doubt they keep 300M around for a potential purchase. It seems like Greg has implement more of a sweep account system. Do you think Peter calls Warren and ask for the money or does he call Greg? Link to comment Share on other sites More sharing options...
gfp Posted February 4 Share Posted February 4 12 hours ago, yesman182 said: @gfp how do you think Peter Liegl of Forest river gets the cash for that purchase. Obviously forest river makes a lot of money, but I doubt they keep 300M around for a potential purchase. It seems like Greg has implement more of a sweep account system. Do you think Peter calls Warren and ask for the money or does he call Greg? These days he would call Greg not Warren. In the zirp years they might have just used a bank line but I think Omaha has been clear that they would prefer the subs come to BRK for cash instead of using high rate bank financing. Greg is the guy all of these CEOs are dealing with (except Ajit). I think he's doing a good job but not everyone is sold on the Greg Abel show. Link to comment Share on other sites More sharing options...
gfp Posted February 5 Share Posted February 5 Homeservices would really like the Supreme Court to help with their little issue - https://news.bloomberglaw.com/health-law-and-business/berkshire-hathaway-unit-asks-high-court-to-review-antitrust-suit Link to comment Share on other sites More sharing options...
jbwent63 Posted February 13 Share Posted February 13 I'm looking forward to tomorrow's 13-F filings....in particular if there are amendments to the 9/30 filing to remove the requested permission to not disclose a position, or if that permission is still granted. Is there any scuttlebutt as to which name it could be? Link to comment Share on other sites More sharing options...
gfp Posted February 13 Share Posted February 13 5 hours ago, jbwent63 said: I'm looking forward to tomorrow's 13-F filings....in particular if there are amendments to the 9/30 filing to remove the requested permission to not disclose a position, or if that permission is still granted. Is there any scuttlebutt as to which name it could be? There is no scuttlebutt on what it could be except that it almost certainly falls into the category "Banks, insurance and finance" on Berkshire's filings. We couldn't figure out what it was by looking at the NAIC filings because it was hidden within the Harney Investment Trust. Link to comment Share on other sites More sharing options...
DooDiligence Posted February 13 Share Posted February 13 I'd crap my pants if it was Nintendo. Link to comment Share on other sites More sharing options...
gfp Posted February 13 Share Posted February 13 1 minute ago, DooDiligence said: I'd crap my pants if it was Nintendo. Well he can buy Nintendo any time he wants and it won’t show up on a 13-F. Link to comment Share on other sites More sharing options...
DooDiligence Posted February 14 Share Posted February 14 29 minutes ago, gfp said: Well he can buy Nintendo any time he wants and it won’t show up on a 13-F. That'll save me a pair of underwear. Link to comment Share on other sites More sharing options...
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