Barron's calls PARA, "an exceedingly cheap stock in the media industry."
"Buffet Makes Big Bet on Paramount, Giving Stock a Boost"
"Berkshire Hathaway’s Warren Buffett bought a whopping $51 billion of stocks in the first quarter, as the broad stock market tumbled. His contrarian moves included a big bet on Paramount Global, an exceedingly cheap stock in the media industry.
Berkshire Hathaway (ticker: BRK.A, BRK.B) revealed in a regulatory filing on Monday that it owned about 69 million nonvoting shares of Paramount (PARA) at the end of March. That 10.6% stake would be worth about $2.2 billion at Tuesday midday’s $31.90 per share, up 14%."
"Buffett has an under-the-radar $6.3 billion investment portfolio"
"Nearly 24 years ago, on June 19, 1998, Berkshire Hathaway announced its intention to acquire global reinsurance company General Re for $22 billion. While General Re's reinsurance segment was the company's shining star that encouraged Buffett to make the acquisition, it also had a specialized investment services segment known as New England Asset Management (NEAM). "
"At the end of March, NEAM's SEC filing showed that the company had $6.31 billion in managed assets invested across 161 securities. I say "securities" and not stocks because some of these 161 investments include index funds, exchange-traded funds, and preferred stock."
"Although Warren Buffett isn't involved in the investment decision-making process for New England Asset Management, whatever NEAM buys, parent company Berkshire Hathaway ultimately owns. Thus, Warren Buffett has a $6.3 billion "hidden" investment portfolio that, technically, is hanging out in plain view for the world to see."
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