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Message
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Posted on 8/21/08 at 9:18 am to Colonel Hapablap
quote:
isn't WFC partially owned by Buffet?
yes he owns a piece of it. But I don't think that will keep the stock price high. Recapitlization will almost always dilute existing shareholders.
WFC is not going to zero. But it could go to $20. And Buffet is a buy and hold guy, so a 30% drop in price is not going to deter him from hanging onto his holdings.
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