LONGREITS’ Activity

Fri Mar 28

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 4:36 PM

Re: Educated Guess as to Weschler's Valuation of DVA

"25% DISCOUNT"

20% discount ... 25% appreciation to get from market price to IV

Thu Mar 27

NL

Boards Post

LONGREITS posted to the Berkshire Hathaway board. 5:32 PM

Educated Guess as to Weschler's Valuation of DVA

$60 purchase prices leading up to May 6, 2013 standstill

8 months last year, 2 months this year have elapsed since new purchases at $68

10 months and 13.33% increase in price paid per share (8/60)

13.33/10 = 1.33% more paid [more]

Wed Mar 12

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 8:07 PM

Re: OT-GM

It's not really small at 40 million shares, or $1.4 billion. There's a high probability it's the work of Ted and/or Todd, likely Ted Weschler at an average cost of around $30 … would be about 15% of his portfolio. Fits the bill for his type of [more]

Thu Mar 6

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 4:02 PM

Re: Whee!

"Feelin' pretty good about those wee top-ups Feb 3 and 5."

I took BRK from 0 to 42% around $167k. Dumbest thing I have done in a while is sell out in the high 170s. This time it's different. Taxes, taxes, taxes.

Tue Mar 4

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 4:36 PM

Re: Missed $12B elephant

Looks like this might have very well been Davita.

Thu Feb 27

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 10:21 AM

Re: DVA purchases continue

Agreed that it was a foregone conclusion quite a while ago. Or at least Berkshire would like to buy Davita but not sure Davita really wants to sell given the economics of the business are so attractive.
Where else can you buy an asset at a 9% [more]

Sat Feb 15

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 1:46 PM

Re: Wall of Separation??

I have no idea, and Buffett might not either, but the only certainty is that such an event would be litigated for years. Another $100B would probably pour in in the interim to pay for the Black Swan settlement. Just a thought.

Fri Feb 14

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 5:54 PM

Re: Lou Simpson

Thanks, Victor! I'm a work-in-progress. Stocks are one of the few things I care about!

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 11:49 AM

Re: Lou Simpson

Lou Simpson is just an amazing investor. I have a feeling his portfolio, even purchased after his investments are announced, would outperform the portfolios of perhaps every poster on the fool boards over the next 10 years. I think he'd leave me in [more]

Sat Feb 1

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 7:41 PM

Re: Poll: % of net worth in BRK

"In other words, why be judgmental about the amount any given person has?"

All kinds of exceptions … of course … just trying to sift out the much smaller investors. I could have made it $10 million or $10 thousand, but really [more]

Fri Jan 31

NL

Boards Post

LONGREITS polled the Berkshire Hathaway board. 3:23 PM

Poll: % of net worth in BRK

This question seems to come up every year, and I seem to ask it every other year. I'm curious what percentage of your net worth (net worth - not liquid investable assets) is invested in Berkshire, assuming your net worth is over $1 million. It's [more]

Thu Jan 30

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 3:24 PM

Re: 5-Yr Return

"The salient difference is that SPY managed that by getting more expensive at a
rate of over 12%/year while BRK has increased its price/value level under 3%/year.
That's not a race result I would care to extrapolate from.

BRK [more]

Wed Jan 29

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 5:02 PM

Re: DVA - more thoughts

"Were they referring to the medical aspects of dialysis or the economics?"

Both. Two physicians surprisingly knew the economics of DVA's business and felt the CMS - commercial pay tug of war is an inevitability but that they could [more]

NL

Boards Post

LONGREITS posted to the Berkshire Hathaway board. 12:38 PM

DVA - more thoughts

The standstill was disclosed early May of last year. It's now about 9 months later and the stock is trading around $64, only 6-7% higher than it was during the weeks preceding the standstill. It's easy to see 1.2 - 1.3 BN in FCF, resulting in a FCFY [more]

Tue Jan 28

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 6:55 PM

Re: Witmer's Influence?

I was told by a reputable, very well known money manager ($10 BN+) that CBI was a Combs pick. I noticed Witmer recommended it in Barron's and that it soon thereafter showed up in BRK's portfolio. I also believe another manager, maybe Gabelli, [more]

Mon Jan 27

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 9:51 AM

Re: $111 ? WARREN! Back up the truck!

So we know BRK is worth 200k +/- and growing 9-11% per year.

Although it is the BRK board, how about some other investment ideas, maybe even just BRK-related investments that are not discussed like Suncor, Bank of New York, National Oilwell [more]

Sat Jan 25

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 1:08 PM

Re: Poll: OT: What % of portfolio in MKL

"Right now, Gayner is underutilized managing an equity portfolio of only $3 billion. Combs and Weschler manage $7 billion each. I am quite certain that both Combs and Weschler make far more money than Gayner. Adding a third investment manager of [more]

Fri Jan 24

NL

Boards Post

LONGREITS replied to the Berkshire Hathaway board. 4:55 PM

Re: OT: Loews

I bought some L today given it's valuation. It's hard for me to believe an equal-weighted basket of 10-20 companies will not perform on par or better than BRK at current prices:

Viacom
Liberty Media
Crown Holdings
Brookfield [more]

Mon Jan 20

NL

Boards Post

LONGREITS posted to the Berkshire Hathaway board. 12:14 PM

DVA - FCF of 1.3 to 1.4 BN

Capital markets presentation on 12/9/13:

http://phx.corporate-ir.net/phoenix.zhtml?c=76556&p=irol...

slide 4 ...

2013 OI guidance of [more]

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Big red star, 1000 posts Old School Fool
Board Posts 3043
Recs Received 5481
People who have rec'd these posts 668
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Very First Post BRK Options and Buying on Margin (2/6/2007)
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