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Berkshire 3Q results are out


BRK7
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Seems oke. Great operating businesses earnings!

 

“Through September they did very poorly,” Meyer Shields, an analyst with Stifel Nicolaus & Co., said of the indexes before the earnings announcement. “There’s some concern there.” He has a “hold” rating on Berkshire shares.

Buffett sold the equity derivatives to undisclosed buyers for $4.9 billion. Liabilities on the so-called equity-index puts widen when four stock indexes, including the S&P 500 and the Euro Stoxx 50, fall from the levels they were at when Buffett made the contracts near the market peaks in 2006 and 2007. If the indexes are at zero when the agreements expire, the losses would be $35 billion, the firm said in June.

 

;D

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