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Berkshire Acquisition Targets
Posted on 3/2/11 at 2:34 am
Posted on 3/2/11 at 2:34 am
LINK
"Often businesses are priced ridiculously high against what can likely be earned from investments in stocks or bonds," Buffett wrote in his investor letter on Saturday. "At such moments, we buy securities and bide our time."
The legendary investor, who is looking to deploy a $38 billion cash pile and said his trigger finger was itchy and his elephant gun loaded for a major acquisition target, acknowledged the need for Berkshire to expand its non-insurance businesses.
Some Berkshire holdings that could be on his shopping list of possible major targets include Costco Wholesale Corp (COST.O) and Ingersoll Rand (IR.N), experts said.
"Often businesses are priced ridiculously high against what can likely be earned from investments in stocks or bonds," Buffett wrote in his investor letter on Saturday. "At such moments, we buy securities and bide our time."
The legendary investor, who is looking to deploy a $38 billion cash pile and said his trigger finger was itchy and his elephant gun loaded for a major acquisition target, acknowledged the need for Berkshire to expand its non-insurance businesses.
Some Berkshire holdings that could be on his shopping list of possible major targets include Costco Wholesale Corp (COST.O) and Ingersoll Rand (IR.N), experts said.
1
Posted on 3/2/11 at 7:44 am to Interception
He has been on CNBC all morning. It's the longest I can remember him dedicating to one interview.
Here's a nugget from this morning when he was asked about the soaring price of gold and whether Berkshire Hathaway was buying gold: "People buy gold out of fear. I'm not afraid of the future so I don't buy gold."
Here's a nugget from this morning when he was asked about the soaring price of gold and whether Berkshire Hathaway was buying gold: "People buy gold out of fear. I'm not afraid of the future so I don't buy gold."
Posted on 3/2/11 at 2:30 pm to LSURussian
If Berkshire is looking into the non-insurance side of their portfolio then Costco would be my pick. I think Buffett has always had an eye on a company that indirectly competes with Wal-Mart on an international scale. Years ago, Sam Walton tried to buy Costco because their business model was so similar to Sams Club. The reports are saying, that Buffett wants to acquire a company that is worth over 20 billion because Bershire is in a strong equity position, with over 38 biliion on hand.
There are several articles out today speculating on what companies he might be interested in right now. They usually stay away from technology companies because its hard to value them and the changing nature of industry. Also, Buffett wants Blue Chip companies that have more than 10 years inside a particular industry. Additionally, he wants a company with growth potential into global markets. The one thing about Costco is they are hovering around a 52 week high. He usually gives himself about 15% margins from his buyout price in case the stock takes off.
LINK
Another article on possible targets. Russian, all you have to do is look at the long term trends of the ups and downs of gold to know its a suckers bet, especially with gold breaking all time highes everyday.
There are several articles out today speculating on what companies he might be interested in right now. They usually stay away from technology companies because its hard to value them and the changing nature of industry. Also, Buffett wants Blue Chip companies that have more than 10 years inside a particular industry. Additionally, he wants a company with growth potential into global markets. The one thing about Costco is they are hovering around a 52 week high. He usually gives himself about 15% margins from his buyout price in case the stock takes off.
LINK
Another article on possible targets. Russian, all you have to do is look at the long term trends of the ups and downs of gold to know its a suckers bet, especially with gold breaking all time highes everyday.
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