Zorrofan Posted March 4, 2015 Share Posted March 4, 2015 http://www.wsj.com/articles/warren-buffetts-berkshire-hathaway-plans-debut-euro-bond-sale-1425466409?mod=yahoo_hs cheers Zorro Link to comment Share on other sites More sharing options...
HJ Posted March 4, 2015 Share Posted March 4, 2015 Make sense. Hope it's a negative yielder. Link to comment Share on other sites More sharing options...
peter1234 Posted March 4, 2015 Share Posted March 4, 2015 How many billions? :) Link to comment Share on other sites More sharing options...
Charlie Posted March 5, 2015 Share Posted March 5, 2015 Get the money when it is cheap. :) http://www.wsj.com/articles/berkshire-hathaway-wooed-by-europes-low-borrowing-costs-1425561323?mod=yahoo_hs Cheers! Link to comment Share on other sites More sharing options...
Jurgis Posted March 5, 2015 Share Posted March 5, 2015 I really want to sell 20 year $3B bond at 1.68%. Where can I apply? ;D Link to comment Share on other sites More sharing options...
Zorrofan Posted March 5, 2015 Author Share Posted March 5, 2015 This might be a cheap source of funding for another acquisition in Europe?? cheers Zorro Link to comment Share on other sites More sharing options...
gfp Posted March 5, 2015 Share Posted March 5, 2015 He said he didn't have a European acquisition at this time to use it for, and that he planned to change it into dollars - but would be perfectly happy to find something and change it back into Euros. I would certainly leave 400 million in Euros and pay for the entire Motorcycle supplies company with it though. It does seem like he may have a potential large acquisition in the works. He said he sold XOM because he had another use for the money. The way he was saying DE will have a tough next couple years made me hope he bids for the entire company. Would certainly make Howie's day.. Link to comment Share on other sites More sharing options...
Mephistopheles Posted March 5, 2015 Share Posted March 5, 2015 He said he didn't have a European acquisition at this time to use it for, and that he planned to change it into dollars - but would be perfectly happy to find something and change it back into Euros. I would certainly leave 400 million in Euros and pay for the entire Motorcycle supplies company with it though. It does seem like he may have a potential large acquisition in the works. He said he sold XOM because he had another use for the money. The way he was saying DE will have a tough next couple years made me hope he bids for the entire company. Would certainly make Howie's day.. Where did he say that, on Squawk Box? I'm surprised because a) the Euro has come down quite a bit and b) he once was asked about doing exactly this in Japan but said he wouldn't want to take currency risk, so if he borrowed in yen he'd want to invest in yen. Link to comment Share on other sites More sharing options...
gfp Posted March 5, 2015 Share Posted March 5, 2015 I think I read it in the WSJ. This isn't the exact article I read, but it echoes the comment - http://www.wsj.com/articles/gdf-suez-issues-zero-coupon-bond-1425486189 "The Omaha, Neb., conglomerate is looking for acquisitions in Europe, but Mr. Buffett has yet to find a deal he likes. In the meantime, the company will convert the euros to dollars and pocket the cash until it is ready to buy, the person added." Link to comment Share on other sites More sharing options...
Mephistopheles Posted March 5, 2015 Share Posted March 5, 2015 I think I read it in the WSJ. This isn't the exact article I read, but it echoes the comment - http://www.wsj.com/articles/gdf-suez-issues-zero-coupon-bond-1425486189 "The Omaha, Neb., conglomerate is looking for acquisitions in Europe, but Mr. Buffett has yet to find a deal he likes. In the meantime, the company will convert the euros to dollars and pocket the cash until it is ready to buy, the person added." Interesting..thanks. Link to comment Share on other sites More sharing options...
Charlie Posted March 5, 2015 Share Posted March 5, 2015 "he once was asked about doing exactly this in Japan but said he wouldn't want to take currency risk, so if he borrowed in yen he'd want to invest in yen." I remember that. Buffett is much more likely to buy a European company than a Japanese company, because Japanese companies have very low ROE and for a longterm holding you need a high ROE to get rich. I don´t think that Buffett will change the Euros to US-Dollars at this exchange rate. It makes no sense. He will probably use it when there is a No-Brainer. ;) Link to comment Share on other sites More sharing options...
Charlie Posted March 5, 2015 Share Posted March 5, 2015 OK, it seems that Buffett is really re-financing some US-Dollar debt. http://finance.yahoo.com/news/berkshire-hathaway-turns-europe-dollar-094418721.html Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now