DCG Posted May 8, 2009 Posted May 8, 2009 http://www.marketwatch.com/news/story/story.aspx?guid={2EB89FCA-82CB-4DF2-8AAF-D3102CD649A5}&siteid=rss
basl1 Posted May 11, 2009 Posted May 11, 2009 Does anyone know if berkshire has sold it's entire conocco phillips investment? does anyone know the purchases he's made in the quarter? ???
snailslug Posted May 11, 2009 Posted May 11, 2009 No, he sold a portion (13.7m shares) to get a tax credit (real cash coming back from the IRS). However, according to GAAP rules, he had to write down the entire position still being held (71.2m shares) as if he sold the whole thing, including a write down for the part he did not sell.
basl1 Posted May 11, 2009 Posted May 11, 2009 Ok - that explains that. Now, did he report the purchases he made?
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