carl777’s Activity

Wed Aug 19

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Boards Post

carl777 replied to the Berkshire Hathaway board. 3:55 PM

Re: Speculations on acquisitions

Utilities are capital intensive. BRK's structure allows for the utility segment to borrow and fund itself, asit has been doing, or, if opportunities for BRK parent to invest in new businesses or equities turn unattractive, to fund the utilities [more]

Mon Aug 10

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Boards Post

carl777 replied to the Berkshire Hathaway board. 4:26 PM

Re: WEB on CNBC bullet points

"Maybe this is why Mr. Market seems skeptical"

Seems to me, BRK price held up very well today in light of 3 items that would be expected to generate knee-jerk hits to its price:
1. Disappointing headlines about 2Q [more]

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Boards Post

carl777 replied to the Berkshire Hathaway board. 4:14 PM

Re: 30+B Acquisition - PCP

"I would bet that in about no time we will see shareholder litigation to block the sale. Specifically to block the sale at the announced price. Some PCP shareholders of course might be happy with this price, but on the surface this looks to be a [more]

Sun Aug 9

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Boards Post

carl777 replied to the Berkshire Hathaway board. 7:32 PM

Re: Q2 earnings out

"So, basically, I think I'll transform the accounting treatment from
equity method to simple arm's length common share treatment like Wells
Fargo or IBM and count it on the "investments per share" side of [more]

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Boards Post

carl777 replied to the Berkshire Hathaway board. 7:25 PM

Re: Kraft Heinz Accounting.

"The main difference is that this is the first time we've calculated the dividends to date.
793 days of 9% on $8 billion is quite a bit, and KHC already paid $0.55 per share on July 22.
I don't think there were any dividends other than [more]

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Boards Post

carl777 replied to the Berkshire Hathaway board. 11:14 AM

Re: Q2 earnings out

"The increase to book is, if I'm not mistaken, FAR less than the increase in value, even if you do a provision for taxes."

Yes, I too was surprised by this line in the report.
Another way to think about this pertains to [more]

Fri Aug 7

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Boards Post

carl777 replied to the Berkshire Hathaway board. 10:12 PM

Re: Q2 earnings out

"BRK will record $7B of gain related to Kraft in 3rd quarter."

This $7B is gross, i.e., pre tax. If I understand this line in the report correctly, the rest of the $7B or so pre-tax gain on the deal will have its tax consequences [more]

Thu Jul 30

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Boards Post

carl777 replied to the Berkshire Hathaway board. 9:46 PM

Re: IBM's healthcare moonshot

I'm just not seeing the value, aside from the press release."


Although my IBM posts on this board have not been bullish, I do think its Watson health care application has extremely good potential.
Multiple studies have been [more]

Sat Jul 25

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Boards Post

carl777 replied to the Berkshire Hathaway board. 1:36 PM

Re: Barron's cover: "Buffett better than ev

There is a line in the Barron's article that makes no sense to me. It pertains to the huge $16B gain from the Kraft-Heinz deal. The line is:
"Whether the Kraft gain is reflected in book value depends on the accounting treatment, according [more]

Fri Jul 3

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Boards Post

carl777 replied to the Berkshire Hathaway board. 4:06 PM

Re: Reinsurance business under attack

"I find it interesting that if you click on the link you cannot get into the article unless you are a subscriber but if you google the article, it appears in total."

Some of the news sites, like Google and Yahoo, have deals with [more]

Thu Jul 2

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Boards Post

carl777 replied to the Berkshire Hathaway board. 6:38 PM

Re: BRK/Heinz Kraft

The deal was announced during the first quarter, but since it had not closed then, there was no financial gain to BRK in the 1Q reported financials. I assume the same will hold for the 2Q report, due out around August 1st. Since this deal closed [more]

Thu Jun 25

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Boards Post

carl777 replied to the Berkshire Hathaway board. 2:28 PM

Re: 1.2

"I disagree rather strongly, though I don't feel like dumpster diving
through the various speeches and reports for the killer counter quote."

Jim-I doubt if you could find a quote supporting your perspective.
Your own data [more]

Wed Jun 24

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 5:36 PM

Re: 1.2

UBN: "Shouldn't the 1.2 P/BV recommendation tack on ~0.1 decimal each quarter.
Buffett mentions in the AR that the BV to intrinsic value continues to widen."

Jim:"I think the effect is certainly there, but it is apparently [more]

Tue Jun 16

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 5:14 PM

Re: IAG Australia Stake

"It's a "float play," says KBW's Meyer Shields."

So how much Float will it add--about $2.6B?
Carl

Sun Apr 12

NL

Boards Post

carl777 replied to the Berkshire Hathaway board. 6:51 PM

Re: The Buffett Loophole

The author fails to mention other companies doing similar things. Might there be some WEB envy or dislike that we often see in these articles?
More importantly, he fails to recognize that much of BRK's accumulated ,tax-deferred, wealth is held in [more]

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One star, 50 posts Old School Fool
Board Posts 232
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Very First Post Re: sheesh (6/29/1999)
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