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Right, which was my concern. Especially since I wouldn't be buying it in a qualified account.
Not really. A shares are convertible into B shares, but they essentially trade in tandem. the one negative to owning and holding A shares, is that if you wanted to get some of your $$$$ out, you have to convert an A share to B shares in order to avoid selling the entire A share, which today is selling above $431,000
Saw that. perhaps he and BRK will make a bid for the whole OXY enchilada. Have been watching and hoping that BRK.B drops under $275, as I would then add to my already large holdings. that is the level I have set to add shares right now.
"Buffett expands stake in Occidental to 26.8% from 20%"
"Warren Buffett’s Berkshire Hathaway (BRK.A) (BRK.B) bought more stock in Occidental Petroleum (NYSE:OXY) to increase its holdings to 26.8% of outstanding shares, a regulatory filing shows.
The disclosure comes a month after Berkshire indicated its stake in the energy producer had reached 20.2% with the purchase of 6.68 million shares.
Occidental rose 1.4% in postmarket trading to $66.52 as of 5:09 p.m. ET.Story developing...."
https://seekingalpha.com/news/3881761-warren-buffett-expands-stake-in-occidental-to-268-from-20?
A blessed and Happy 92nd Birthday! to our esteemed Chairman, Warren Buffett today.
"Buffett’s Likely Successor Owns Little Stock in Berkshire Hathaway"
"Ownership of Berkshire Hathaway BRK.B –2.30% stock is a big part of the culture at the sprawling conglomerate, but Greg Abel, the likely successor to Warren Buffett as CEO, appears not to have bought into that.
In a surprise to some Berkshire Hathaway (BRK/A, BRK/B) watchers, Abel sold a 1% stake in the company’s big utility unit, Berkshire Hathaway Energy, back to the subsidiary for $870 million in cash, rather than getting Berkshire stock. That June sale was disclosed in Berkshire’s recently filed 10-Q for the second quarter.
Abel, a Berkshire Hathaway (ticker: BRK/A, BRK/B) vice chairman and head of the company’s vast noninsurance operations, could have sold the stake for Berkshire stock, based on the language of the Berkshire proxy. A sale for Berkshire shares likely would have been tax efficient and aligned him in a major way with Berkshire shareholders." [much more...]
https://www.barrons.com/articles/u-s-stocks-poised-for-lower-open-on-monday-51661121916
Not to worry. Great exchanges. Have a nice evening.
Congrats on outliving Hugh. He's probably rolling in his grave how they're talking bad about him now. Who would'a thunk Playboy bunnies were being used for sex?!
UPS resistance at $197.22. Currently $196.30 May be a buy for me shortly. Of course they'll drop in price at Ex date.
It definitely does look to be trying to break out. I'd rather buy it about .60 cheaper, but maybe I'll buy a bit here. Thanks.
Also, sorry to be off topic on this board.
UPS just increased its payout by a whopping 48%. I bought that for my kids' account around 2010 mostly as a defensive investment during The Great Recession.
Date of death?
I always figured I'd get shot by Hugh Hefner in a fit of jealousy. So mine is still unknown.
ET plunged when COVID hit. I have a lot of it in tax deferred retirement accounts, and it is on dividend reinvestment at no charge to me, so I racked up a ton of shares on the cheap when it dipped way down into single digits. Recent analyst opinions and an article out of Kiplinger stating ET is a winner coming out of the new inflation bill that will do little to combat inflation, are very positive on ET going forward. should return to mid-teens and eventually low $20's in time.
LOL...NP. Just bored and jacking around.
Thanks for that list. I already own all of those except ET, which I've owned a couple times and gotten burnt on. I'll look again, but for some reason, going back to a stock that has burnt me in the past, seems to lead to me getting burnt once again in the future. I do see them trying to get back to their old dividend though. Dunno why, but for some reason, when I think of ET, it reminds me of Enron.
Sorry Fung. Was not paying attention. I have followed you before and should have connected the dots.
BTW, I'll be dying on 3/31/2047. Did you want to know what I'll be doing as well?
Edit.....dang! Just realized I'm not giving myself enough time. Still need to cliff dive.
Fung: I see what you mean on OXY's dividend. Don't think Buffet is buying it up for the divi. In the energy space I am reaping very strong dividends from COP (4.74%), PSX (4.3%), XOM (3.96%), KMI (6.28%) and ET (8.45%) ET just announced a 50% increase in its distribution to .23 or .92 on an annualized basis, and stated its intention to ultimately return to the previous pre-covid distribution level of .305 per quarter or $1.22 annually, which would be 11.15% at today's share price.
LOL.....man. That ruffled his feathers and he should know better.
Social media is now anti-social media. Everyone is looking for a fight.
NOBL has been decent, as has PKW, but I'm looking for stocks that annually raise their dividend.
KO has done that well. HBAN used to. I used to have a great list of stocks with earnings, and raising the dividend annually and low P/E.
Stocks like Emerson Elec and Gillette and GE once upon a time.
"Gimme some good dividend payers." What are you stressing? Current Income? Safety? Dividend Growth? Inflation protection? How many dependents do you have? Tax bracket? Single/married?
Oh, and when are you going to die?
Generally I still like S&P 500 index funds for growth and income. Or perhaps DIA (the Dow index) which yields a bit more.
NOBL, the Dividend Aristocrat ETF has been excellent. My one son has owned it for years. It's performed beautifully in the past few years.
I'm currently on a dividend buying kick. OXY doesn't pay enough. Gimme some good dividend payers and I'll name my next child after you.
Charlie Munger is a fly by night investor. He'll never make it in this business.
Munger recently thanked today's gamification stock flippers for making it cheap and easy for BRK to acquire control of a blue chip oil stock like OXY. Years ago such shares would be "locked away" for decades by institutional holders and rarely trade.
As for projections, I've heard OXY's breakeven is very low compared to other majors.
My only concern with OXY are the projected drop in earnings over the next few years.
With OXY now over 20% that will likely add to BRK's already-plump bottom line.
Here's a helpful primer from a few years back on OXY's business.
https://www.fool.com/investing/general/2015/09/08/occidental-petroleum-corporation-an-often-overlook.aspx
Ya can't trust these penny stocks. I think this may be a pump and dump.
"Berkshire Hathaway boosts Occidental Petroleum stake above 20%"
"August 8 (Reuters) - Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc bought more shares of Occidental Petroleum Corp (NYSE:OXY), surpassing the 20% stake where it could record some of the oil company's earnings with its own and potentially add billions of dollars of profit.
In a regulatory filing on Monday night, Berkshire said it paid about $391 million for nearly 6.7 million Occidental shares between Aug. 4 and Aug. 8.
The purchases gave Berkshire 188.4 million Occidental shares, or 20.2% of reported shares outstanding, worth $11.3 billion.
A 20% stake would let Berkshire report its proportionate share of Houston-based Occidental's earnings with operating results, through the so-called equity method of accounting.
Berkshire nonetheless could contend that its accounting for Occidental should remain unchanged because its stake is passive."
"Analysts on average expect Occidental to generate $10.5 billion of profit this year, according to Refinitiv I/B/E/S.
Buffett's company also owns $10 billion of Occidental preferred stock, which helped finance the 2019 purchase of Anadarko Petroleum (NYSE:APC), and has warrants to buy another 83.9 million common shares for $5 billion.
Some analysts have speculated that Omaha, Nebraska-based Berkshire could eventually bid for all of Occidental."
https://www.investing.com/news/stock-market-news/berkshire-hathaway-boosts-occidental-petroleum-stake-above-20-2867289
How is Warren? Did y’all have coffee again?
Odd: Fractional share trading behind Berkshire phantom share surge
"New research suggests fractional trades caused an apparent trading frenzy in the stock last year"
"A sudden surge in trading volumes in class A shares of Warren Buffett’s Berkshire Hathaway Inc. BRK.B 2.64%? confounded investors last year. Now, a trio of academics say they have solved the stock-market mystery.
"The jump in volumes was an illusion caused by a change in how Robinhood Markets Inc. HOOD 4.76%? reports fractional trades, according to a new study released Wednesday.
"The study suggests that volume data for many other stocks were inflated during the pandemic. Its authors blamed a “misguided” Financial Industry Regulatory Authority rule for how brokers should report fractional trades.
"“The Finra reporting rule for fractional trading has created significant distortions,” wrote the authors, who are professors at University of California, Berkeley, Columbia University and Cornell University."
Robinhood declined to comment. A Finra spokesman said the regulator was aware of the concerns about its rule. “Finra is already actively working on the issue and is engaged in ongoing discussions with firms and regulators,” he said.
"The three professors write that Robinhood began reporting Berkshire class A trades on Feb. 12, 2021, and stepped up its reporting of the shares over the following week. They pinpointed the trades reported by Robinhood by identifying its electronic “signature”—a slight delay, measured in tiny fractions of a second, in the time it takes for trades to be broadcast over public data feeds. The delay associated with Robinhood’s trades differs from that of other brokers, making it possible to distinguish which trades originated with Robinhood customers."
"Starting in October, hundreds of trades in Berkshire class A shares with DriveWealth’s signature started appearing each day on public data feeds, the authors found. That fueled a further increase in reported trading volumes. Since then, some 95% of the trades reported in Berkshire class A shares have borne either Robinhood’s or DriveWealth’s signatures—evidence that the vast majority of reported volume in the shares is being caused by small investors’ fractional trades, the authors write."
"The authors of the study called for Finra’s rule to be revised. Until that happens, they warned that reported trading volumes for many stocks—not just Berkshire class A shares—may be distorted." [more]
https://www.wsj.com/articles/robinhood-was-behind-phantom-surge-in-berkshire-hathaway-trade-volume-study-finds-11658309401?siteid=yhoof2
"Could Buffett Buy Out Occidental Petroleum (OXY)?"
"Warren Buffett keeps pumping cash into the oil patch, upping Berkshire Hathaway's (BRK.B, $267.52) stake in Occidental Petroleum (OXY, $56.09) by more than a half-billion dollars in a series of recent purchases.
And in fact, Buffett's ever-growing ardor for the Houston-based integrated oil and gas firm has some analysts speculating that the Oracle of Omaha could be eyeing a complete buyout of Occidental Petroleum in the not-too-distant future."
Regulatory filings late Wednesday revealed that Buffett scooped up another 9.6 million shares of OXY stock worth about $530 million. "
"With a commanding 16.3% stake in Occidental Petroleum, Berkshire is Occidental's largest shareholder by far. Asset management giant Vanguard is No. 2 with a 10.9% stake."
"Whether a Berkshire buyout is in the future or not, Buffett appears to have put something of a floor under OXY stock."
https://finance.yahoo.com/news/could-buffett-buy-occidental-petroleum-181433490.html
Get your PhD in security analysis. The BRK/PARA story is still coming out. Paramount Global also has some pfds to make it even more complex. PARA is sizable with 23,000 employees and a market cap of $21 billion.
This is why I love BRK. Warren and Greg Abel and probably Charlie can make a decision on a big stock like this in two or threes days, without a word leaking out from the 23 people who work in the Omaha HQ.
PARA Chart Below:
Shrewd move. Great stuff on the 13F this time.
"Buffett Delays Disclosure of Paramount Stake with Non-Voting_Stock."
Interesting wrinkle on SEC form 13-F. "Why Berkshire Hathaway Didn’t Have to Disclose Earlier its 10% Stake in Paramount."
"Berkshire Hathaway purchase of more than 10% of Paramount Global disclosed late Monday, normally would have triggered an earlier regulatory filing. But Berkshire apparently didn’t have to file with the Securities and Exchange Commission because it owns non-voting shares in the media company."
The news of the Berkshire Hathaway (ticker: BRK.A, BRK.B) purchase of nearly 69 million class B shares of Paramount Global (PARA) in the first quarter is giving a nice lift to Paramount’s depressed stock, which recently hit a 52-week high"...
https://www.barrons.com/articles/why-berkshire-hathaway-didnt-have-to-disclose-earlier-its-10-stake-in-paramount-51652794196
PC. Did you see where BRK's new HPQ stake will include their brand new Plantronics acquisition?
"In March 2022, HP agreed to buy Plantronics Inc. (POLY), which sells phone headsets and audio and video accessories, in a $3.3 billion deal also spurred by the rise of remote work"
https://www.investopedia.com/berkshire-hathaway-takes-stake-in-hp-5225141
Briefly, I thought the same thing. Why not show everything BRK owns?
But what's the BNSF, acquired by BRK in 1996, worth today? Or GEICO bought around the same time? It's hard to put a value on the many assets that aren't currently publicly traded.
BTW, here's a list of everything BRK owned or controlled as of 2019.
https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway
Oh good point I forgot. Wish they included those companies for reference in the chart.
Wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Shaw Industries, Pampered Chef, Forest River, and NetJets
Oh, that's brilliant. Took me awhile to click on it to get it to move.
Those stocks shown are only BRK's passive investments such as Apple. The many wholly owned businesses, like BNSF and GEICO, aren't shown.
Few of the commenters seem to know BRK's blue chip holdings are leveraged by way of his insurance float which is how BRK does so well with very safe blue chips.
A visual moving pie chart of BRKs portfolio over the years
Warren Buffett's 2022 Portfolio Update at Berkshire Hathaway
https://www.reddit.com/r/dataisbeautiful/comments/tou7v2/oc_warren_buffetts_2022_portfolio_update_at/?utm_medium=android_app&utm_source=share
$504,036 and headed much higher!
Reuters: Berkshire Hathaway stock price reaches $500,000 a share.
"March 14 (Reuters) - The share price of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) reached $500,000 for the first time on Monday, reflecting the company's status as a defensive stock in a market unsettled by events in Ukraine and rising inflation."
https://www.reuters.com/business/berkshire-hathaway-stock-price-reaches-500000-2022-03-14/
Reuters: Berkshire Hathaway stock price reaches $500,000 a share.
"March 14 (Reuters) - The share price of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) reached $500,000 for the first time on Monday, reflecting the company's status as a defensive stock in a market unsettled by events in Ukraine and rising inflation."
https://www.reuters.com/business/berkshire-hathaway-stock-price-reaches-500000-2022-03-14/
Ever see this? Dunder Mifflin "Search Committee" episode from 2011. Click to play...
"Berkshire purchased nearly 30 million shares of Occidental Petroleum since the end of 2021, adding to an existing large holding of 83.9 million warrants in the big energy company.
In a filing late Friday, Berkshire (ticker BRK/A, BRK/B) said it holds a total of 113.7 million shares of Occidental (OXY), including both the stock and warrants. The combined holding represents 11.2% of Occidental’s outstanding shares but that overstates Berkshire’s investment since the warrant exercise price is out of the money,"
https://www.barrons.com/articles/warren-buffett-berkshire-occidental-stock-51646436831
It made me chuckle for sure
As a long time BRK shareholder I think it is great. Warren is just letting everyone know of an interesting new product that will be manufactured and sold by one of Berkshire Hathaway's wholly owned subsidiaries, Forest River, along with the connection to Jimmy Buffett who designed the signature party boat. Although they are not actually cousins this has been a long running friendship/relationship and story line. At one of Jimmy Buffett's concerts a number of years back in the same arena in Omaha which hosts the BRK annual meeting, the lights went totally dark and then Warren Buffett appeared at center stage in a spotlight and began to welcome everyone to Woodstock for Capitalists, the BRK annual meeting, which actually would be in the same arena a few weeks later. Jimmy came out and told Warren he was wrong and this was his gig, and the 2 had an incredible and funny exchange before Warren headed to the side of the stage and Jimmy and his band kicked off the concert.
In any event, promoting the new BRK Jimmy Buffett designed signature party boat was great in the annual letter, and I bet they sell a bunch of them at the meeting.
It is stuff like this that make me question Warren. Recommending a boat? With marine gas prices at all time highs?
"The Annual Meeting...
"Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th
through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.
I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.
February 26, 2022 Warren E. Buffett
Chairman of the Board"
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Berkshire Hathaway, Inc NYSE: Symbols BRK-A Class A shares BRK-B Class B shares | Berkshire Hathaway, which began in 1839 as a textile mill, neared collapse in 1962 when 32-year old Warren Buffett started buying control in the belief the company could be saved. Buffett initially maintained Berkshire’s textile business, but by 1967, he was expanding into other investments. Berkshire bought stock in the Government Employees Insurance Company (GEICO) that now forms the core of its colossal insurance operations. Other early acquisitions included See's Candies, Blue Chip Trading Stamps and Dairy Queen. BRK moved from the OTC to the NYSE in 1988. Today Berkshire is a combination of 66 wholly owned subsidiaries such as the BNSF Railroad and 47 passive minority investments, notably its huge stake in Apple. As of 2021, BRK has a market cap of >$600 billion and 360,000 employees. Berkshire Hathaway is the nation's 7th largest business. |
Useful Links Berkshire Subsidiary Companies Buffett's Famous Annual Letters BRK Portfolio Tracker CNBC Buffett Archive http://www.BerkshireHathaway.com/ Buffett's office in Omaha. His desk has no computer Headquarters Address 3555 Farnam Street Omaha, NE 68131 a | |
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