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Posted

Fairly impressive actually.  Valuation still seems VERY reasonable at 1.3x BV.  Buybacks slowed, but profitability at insurance improved.  BHE is growing rapidly.  Interesting to see a sale of ~$3B in equities during the quarter.  Frankly, the results were stronger then expected IMHO.  Still reading through 10Q.  

Posted
3 hours ago, ValueMaven said:

Fairly impressive actually.  Valuation still seems VERY reasonable at 1.3x BV.  Buybacks slowed, but profitability at insurance improved.  BHE is growing rapidly.  Interesting to see a sale of ~$3B in equities during the quarter.  Frankly, the results were stronger then expected IMHO.  Still reading through 10Q.  

And its get even better. $1.3bn in repurchases from Mar. 31 to Apr. 22. 

Posted
30 minutes ago, ValueMaven said:

Pilot Flying J made a massive 1 time dividend to HQ.  Anyone else notice that??

The Haslams must have needed $1.1 Billion 

Posted (edited)
10 hours ago, ValueMaven said:

 Interesting to see a sale of ~$3B in equities during the quarter.

Compared to Dec 31, 2020

  • Cost basis for Commercial, industrial & other went down from $47.561B to $44.934B, which means that in net, he sold something(s) that he had bought for at least $2.627B in total.
    • Fair value went down from $68.361B to $67.054B, that is, $1.307B - there is probably noise in this from various stock movements but some noise could be removed.
    • Net unrealized gains went up from $20.8B to $22.120B, that is $1.32B - same for noise here. 
  • Cost basis for Banks went up a little from $26.312B to $26.730B, which means BRK probably bought at least $418M of some bank stocks
  • Cost basis for Consumer products went up a little from $34.747B to $34.787B, which means BRK probably bought about at least $40M of some consumer products stocks

What do folks think he sold that he had bought for at least $2.627B?  Looks like it will probably be something in this list with a cost total above $2.627B?  Looks like it wasn't AXP, AAPL, BAC or KO. 

 

image.png.21f3b9a3c262a9a54a0626a3ff20d283.png

 

Edited by LearningMachine

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