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Alydyr

04/13/17 11:53 AM

#50668 RE: bar1080 #50667

I dumped a good bunch of it in Sept 2016, but I still have a large block with a basis of $35.06. So, I have some capital gain/tax decisions to make.

A nice problem to have I guess.

BullNBear52

04/13/17 11:57 AM

#50669 RE: bar1080 #50667

He just doesn't want to deal with all the paperwork if he goes over 10%.

Buffett'sBerkshire Hathaway Inc <BRKa.N> on Wednesday said it withdrew its application to the Federal Reserve to boost its ownership stake in Wells Fargo & Co <WFC.N> above 10 percent, and is instead selling 9 million shares to keep it below that threshold.

Read more: http://www.nasdaq.com/article/berkshire-to-cut-wells-fargo-stake-pulls-fed-application-20170412-01176#ixzz4e92E3r3I

I really don't see his love affair with WFC and going that long on them.

BWTHDIK