SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Strategies & Market TrendsBuffettology


Previous 10 Next 10 
To: David Bogdanoff who wrote (2302)3/10/2000 11:57:00 AM
From: Michael Burry
   of 4661
 
One that he has moved into, and that I've bought, is GATX Corp. Glancing at it won't get you anywhere, and even an analysis won't get you anywhere until you see what Equilon is willing to pay for just two of GATX's terminals. And until you see the strides GATX Capital is making. And until you see that management talks like Buffett disciples. Not sure who lit the fire under these guys, but I can imagine who might keep it burning. The stock is in the dumpster along with the rest of the Dow Transports.

Wayne, Re: D&B, take a look at how much Fitch is paying for DCR, a much smaller company than Moody's. The key dynamic is how D&B is working with the Oracles and Siebels of the world to ensure it maintains a leading position in business information as ERP software flourishes. It is difficult for me to assess that dynamic. But I assume Buffett can.

Brands are getting murdered once again today. Thanks Dial. I haven't bought in yet. KO getting KO'd.

Mike

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Michael Burry who wrote (2304)3/10/2000 2:10:00 PM
From: James Clarke
   of 4661
 
Look what the cat just dragged in...Ralston Purina just broke through a support level it had held four times in the last 18 months. I had given up on RAL ever coming to my price, especially since the catalyst is going to fire in April (splitting the company in two). If it goes a few points lower, then my question is going to be do I wait until the spinoff (I do not want the battery business), or would I miss the whole opportunity that way.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: James Clarke who wrote (2305)3/10/2000 5:55:00 PM
From: Michael Burry
   of 4661
 
GATX and Dun&Bradstreet now much larger holdings for Buffett. Forget techinical analysis. I can't believe how many people (here included, Wayne & Jim <g>) are ignoring the greatest benefit to individual investors ever bestowed upon us by the SEC: full disclosure by Buffett in timely fashion. I for one am taking a closer look at the other two I don't own. I understand Jones NY pretty well. If someone can see something in Great Lakes Chemical that I'm not, please help.

biz.yahoo.com

Mike

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Michael Burry who wrote (2306)3/11/2000 12:50:00 AM
From: James Clarke
   of 4661
 
I read that news release on GATX as I have the annual report printing for a weekend of research. Well, that should wind up being a waste of time when this puppy opens up 10% on Monday. Once again, Mike, gotta hand it to you on the timing. Does he really have to report every move from now on? That is not good if you are an owner of BRK.

Share RecommendKeepReplyMark as Last Read


To: Michael Burry who wrote ()3/11/2000 9:48:00 AM
From: Scott Loftesness
   of 4661
 
FYI, the 1999 Berkshire Hathaway Annual Report (including Buffett's message) has been posted on their web site:

berkshirehathaway.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Scott Loftesness who wrote (2308)3/11/2000 10:15:00 AM
From: LauA
   of 4661
 
Has Buffett been reading Burry? -

<<<<Recently, when the A shares fell below $45,000, we considered making repurchases. We decided, however, to delay buying, if indeed we elect to do any, until shareholders have had the chance to review this report. If we do find that repurchases make sense, we will only rarely place bids on the New York Stock Exchange (?NYSE?). Instead, we will respond to offers made directly to us at or below the NYSE bid. If you wish to offer stock, have your broker call Mark Millard at 402-346-1400. When a trade occurs, the broker can either record it in the ?third market? or on the NYSE. We will favor purchase of the B shares if they are selling at more than a 2% discount to the A. We will not engage in transactions involving fewer than 10 shares of A or 50 shares of B.>>>>

Lau

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: LauA who wrote (2309)3/11/2000 4:26:00 PM
From: Freedom Fighter
   of 4661
 
Lau,

I think the key points on the valuation were that he wants to buy back shares at less than 45,000 per share and that he said earlier in the report that he would only consider repurchases if the valuation was "significantly below" the intrinsic value using "conservative" valuation standards.

Wayne

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: Freedom Fighter who wrote (2310)3/11/2000 5:21:00 PM
From: LauA
   of 4661
 
Wayne, that's how I read the letter too. On Yahoo, you appear to be getting riled up about other interpretations. We can only hope that others misread, and throw in the towel. We've seen the reaction to Alice Schroeder's report. Now let's see the response to the man himself.

Lau

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: LauA who wrote (2311)3/11/2000 5:59:00 PM
From: Freedom Fighter
   of 4661
 
Lau,

You're right. I "was" getting riled up. But I think you are being very generous when you say "other interpretations". I have no problem with other investors' views.

I visit the Yahoo BRK thread once in awhile just to see what others are thinking. It's a hotbed of "hype" for BRK bears, jealous investors, rumor mongers and other people that I think have little of value to say. They are simply there misinforming less knowledgeable shareholders. When they come out in droves I lose it a little.

That's where the "Warren is in the hospital" rumor started.
Sorry if I was unprofessional. :-)

Wayne

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Freedom Fighter who wrote (2312)3/11/2000 6:11:00 PM
From: James Clarke
   of 4661
 
Looks like Mike hit the nail on the head here. 1500 on the B shares sounds like Buffett's magic number too. I don't see doing a buyback, nor do I want him to. If BRK shares are below intrinsic value, then I'd rather see him buying shares in companies with similar liquidity trading WAY below intrinsic value, which he apparently is already doing (GATX, apparel companies). We'll see how people interpret his statements - they probably appear vague to those used to CEOs saying "My shares are undervalued, so I'm going to intitiate a repurchase program to pop the stock so I can buy them back at fair value". I thought his analysis of the economics of share repurchase was vintage Buffett.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)
Previous 10 Next 10