Berkshire with 45% upside

[Nicholas]

Have you guys/gals seen this?

 

Any thoughts?

 

http://www.tilsonfunds.com/BRK.pdf

[karthikpm]

Tilson says this every year!

[Nicholas]

and how does he go?

[Jurgis]

I've heard about this pub that had an ad in the window saying "Free beer tomorrow!"

 

Same thing?

[boilermaker75]

I've heard about this pub that had an ad in the window saying "Free beer tomorrow!"

 

Same thing?

 

Where's the free beer?

[boilermaker75]

Reminds me of this joke,

 

Warren Buffett retells the story of the dead oil prospector who gets stopped at the pearly gates and is told by St Peter that Heaven’s allocation of miners is full up. The speculator leans through the gates and yells “Hey, boys! Oil discovered in Hell.” A stampede of men with picks and shovels duly streams out of Heaven and an impressed St Peter waves the speculator through. “No thanks,” says the sage. “I’m going to check out that Hell rumour. Maybe there is some truth in it after all.

[Jurgis]

I've heard about this pub that had an ad in the window saying "Free beer tomorrow!"

 

Same thing?

 

Where's the free beer?

 

"Free beer tomorrow!"  8)

[valueinvesting101]

Not sure about 45% but Berkshire seems undervalued. Tax credits extension for solar & wind would definitely beneficial for Berkshire given immediate tax credits of 30% plus growth in BH energy in long term.

 

 

[benbuffett]

I believe Buffett has said he would be a buyer at book value plus 20%. Which would be $121 per share on class B shares. Hit 127 back in sept. Will have to put on radar.

[AJDelphi]

He has said that Berkshire will repurchase shares at no more than 120% of Book Value. He also believes, and has said many times, that it is dumb to repurchase shares unless you think they are SIGNIFICANTLY undervalued.....so being that we are close I would argue, and I'd bet that Buffett would agree, that Berkshire is not expensive right now.