Say goodbye to Berkshire Hathaway
- Thread starter Port1385
- Start date
CNBC: "End" of Warren Buffett
Just days after renewing his public criticism of Warren Buffett's current investment strategy and situation, the well-known short seller Doug Kass is out with a very bearish outlook for Berkshire Hathaway shares.
And this time he's not just making a short-term prediction as he did last year when he bet against Berkshire's stock for several months and then covered that bet at a profit.
Today on TheStreet.com, Kass asks, "Is This the End of Warren Buffett?"
Based on reported Berkshire holdings as of September 30, and the stock moves since then, Kass estimates:
Wells Fargo: $6.3 billion lost on 290 million shares
American Express: $2.9 billion lost on 151 million shares
Coca-Cola: $2.1 billion lost on 200 million shares
Burlington Northern Santa Fe: $1.8 billion lost on 63 million shares
ConocoPhillips: $1.5 billion lost on 60 million shares
U.S. Bancorp: $1.5 billion on 73 million shares
http://www.cnbc.com/id/28877530
Just days after renewing his public criticism of Warren Buffett's current investment strategy and situation, the well-known short seller Doug Kass is out with a very bearish outlook for Berkshire Hathaway shares.
And this time he's not just making a short-term prediction as he did last year when he bet against Berkshire's stock for several months and then covered that bet at a profit.
Today on TheStreet.com, Kass asks, "Is This the End of Warren Buffett?"
Based on reported Berkshire holdings as of September 30, and the stock moves since then, Kass estimates:
Wells Fargo: $6.3 billion lost on 290 million shares
American Express: $2.9 billion lost on 151 million shares
Coca-Cola: $2.1 billion lost on 200 million shares
Burlington Northern Santa Fe: $1.8 billion lost on 63 million shares
ConocoPhillips: $1.5 billion lost on 60 million shares
U.S. Bancorp: $1.5 billion on 73 million shares
http://www.cnbc.com/id/28877530
Warren B. - isn´t it the guy who bought into Goldman Sachs ?
Let me take a look at Goldman´s share price :
$97.32.
Let me take a look at what GS business business model is : ah yes ! =>
Advising
* Asset Allocation
* Environmental Markets
* Mergers and Acquisitions
Financing
* Bank Loans
* Debt Financing
* Equity Capital Markets
* Lending
Investing
* Asset Management
* Bank Deposits
* Closed Ended Investments
* Mutual Funds
* Private Equity
* Private Wealth Management
* Securitised Derivatives
Securities
* Clearing Services
* Execution Services
* Fund Administration
* Pensions, Endowments and Foundations
* Prime Brokerage
* Products
* Securities Lending Programs
* Transition Services
Research
* Global Investment Research
Services For
* Individuals
* Institutions
* Investment Advisors
* Hedge Funds
Hum...I think, Mr. Kass is right ! Warren B, bought just into some of the (in)competent people on Wall Street...
Let me take a look at Goldman´s share price :
$97.32.
Let me take a look at what GS business business model is : ah yes ! =>
Advising
* Asset Allocation
* Environmental Markets
* Mergers and Acquisitions
Financing
* Bank Loans
* Debt Financing
* Equity Capital Markets
* Lending
Investing
* Asset Management
* Bank Deposits
* Closed Ended Investments
* Mutual Funds
* Private Equity
* Private Wealth Management
* Securitised Derivatives
Securities
* Clearing Services
* Execution Services
* Fund Administration
* Pensions, Endowments and Foundations
* Prime Brokerage
* Products
* Securities Lending Programs
* Transition Services
Research
* Global Investment Research
Services For
* Individuals
* Institutions
* Investment Advisors
* Hedge Funds
Hum...I think, Mr. Kass is right ! Warren B, bought just into some of the (in)competent people on Wall Street...
http://online.wsj.com/article/SB123922589848002579.html
Past Performance is No Guarantee of Future Results.
In other words: Berkshire can be hit very hard, even if they have a fabulous trackrecord.
Past Performance is No Guarantee of Future Results.
In other words: Berkshire can be hit very hard, even if they have a fabulous trackrecord.
kass went long brk this week. he said he thinks its worth around 115000.
Wow port1385, you're an even better contrary indicator than Cramer!!! I put a buy arrow where you made this call, as I did for your calls on LVS and HIG:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2376406&#post2376406
http://www.elitetrader.com/vb/showthread.php?s=&postid=2383159#post2383159
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2383163>
http://www.elitetrader.com/vb/showthread.php?s=&postid=2376406&#post2376406
http://www.elitetrader.com/vb/showthread.php?s=&postid=2383159#post2383159
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2383163>
Oh no, I believe I am right on this one. The recent rise in the Berkshire stock only gives us a better shorting opportunity.
I believe this is the chart you should be looking at. There is an old saying on Wall Street about "dead cat bounces". This is just another one of those.
That upper line is right at 94000 and the high was at 92888. There is no doubt in my mind that this is just another fools rally or dead cat bounce.
Buffet has made some wreckless decisions jumping on downtrending securities with no obvious fundamental value like tech stock junkies in 2001 trying to get back in on their old faves. He is only now discovering his mistakes as ratings agencies downgrade the company.
Here is the real chart that you should be showing...
I believe this is the chart you should be looking at. There is an old saying on Wall Street about "dead cat bounces". This is just another one of those.
That upper line is right at 94000 and the high was at 92888. There is no doubt in my mind that this is just another fools rally or dead cat bounce.
Buffet has made some wreckless decisions jumping on downtrending securities with no obvious fundamental value like tech stock junkies in 2001 trying to get back in on their old faves. He is only now discovering his mistakes as ratings agencies downgrade the company.
Here is the real chart that you should be showing...
LOL, a log chart. When the lines don't fit, modify it.