Mostly: Classical

[Frank Pembleton]

Buffett less enthusiastic on euro investments

 
  
     OMAHA, Neb., May 1 (Reuters) - Warren Buffett on Sunday  
 said he still likes euro-denominated investments, but less than  
 he did when the U.S. dollar was worth more.  
     Buffett made his comment as a press conference, one day  
 after saying at the annual meeting for his Berkshire Hathaway  
 Inc. <BRKa.N> <BRKb.N> holding company that Berkshire had in  
 the first quarter maintained roughly its year-end $21  
 billion-plus currency bet against the dollar.  
     "I like the fact of euro-denominated investments, although  
 at $1.30 or so I don't feel the degree of preference I did when  
 the euro was much cheaper," Buffett said on Sunday, referring  
 approximately to the cost of buying one euro. The euro is now  
 trading at just under $1.29.  
     At the annual meeting, Buffett said Berkshire's currency  
 bet generated a roughly $310 million loss in the first quarter  
 as the dollar rose, after generating a $1.63 billion gain in  
 the prior quarter.  
  ((Reporting by Jonathan Stempel; editing by Leslie Gevirtz;  
 Reuters Messaging: [e-mail];  
 646-223-6317))  
  
 (C) Reuters 2005.