POSCO bought a 6.79% stake in FCEL on 2/21 and Buffet increased his holdings to 4% in POSCO sometime in 2006. (It was just released in the Annual Report, because of an internal policy, their aggregate holdings totalled more than $700m.) But, "but the securities industry believes that it bought most of the shares in 2002 and 2003 when the average purchase price was about 150,000 won."
So, I'm no Fat Cat, but I'm not sure this would indicate that FCEL was a takeover target for Buffet. It just seems too "roundabout" for me. But, maybe this is how things are done? Am I being naive?
And, I did appreciate your take on Buffet's style.
