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Burning Journal -> BNSF -> Big fuckin' deal! Why should he worry about the rest of us who're still investing?
Post Info TOPIC: Big fuckin' deal! Why should he worry about the rest of us who're still investing?
Uke


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Big fuckin' deal! Why should he worry about the rest of us who're still investing?
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Fuck Snippy! I've already donated ALL my money ta Romney. He alone is qualified! And he don't need no stinking veep!

Snippy needs ta read this:http://www.usatoday.com/money/perfi/columnist/krantz/2010-02-02-berkshire-hathaway-class-b-stock_N.htm



-- Edited by Uke on Monday 30th of July 2012 04:52:14 PM

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Uke


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A guy worth a few billion...he should offer advice ta people who can barely afford their monthly bills, rent, or mortgages...let alone put food on the table. But he's gonna let us in on his 'secrets..' for success, his way. Right!

http://www.marketwatch.com/story/warren-buffetts-winning-ways-50-years-on-2012-07-27?link=mw_home_kiosk

I think luck has played a major role in his success thus far. And if ya dig deeper...the guy ain't much smarter than any of the rest of us. Nope! In fact he still lives in the house he grew up in. In Omaha. Nebraska!

The one problem I do have with Buffett, and his Berkshire Hathaway is that a company/conglomerate that big...pays no dividends ta shareholders. Not the A shares, nor the B shares, which is basically BNSF Railway, which DID pay dividends to shareholders until BH took over and privatized 2LARRCO.

But I digress... Read the article. Maybe we'll learn how ta be rich. Right. Right!



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Freddie Krueger


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Ha, Uke wants to be a Vulture Capitalist.

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Snippy


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Uke wrote:

Not the A shares, nor the B shares, which is basically BNSF Railway, which DID pay dividends to shareholders until BH took over and privatized 2LARRCO.

 Would you please stop spouting the misinformation about Berkshire B?

Remember when Snippy set you straight when you made the same stupid statement a while back?

I have copied Snippy's response below:

 

 

 

 

 

 

 

 

 

.



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Freddie Krueger


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Snippy, Snippy, Snippy. Here is what you need to do. You have to have Uke repeat verbatim what you tell him. That is one well to tell if Uke gets it. If it doesn't work, you can always hire him out for Romney's campaign.

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Snippy


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Uke wrote:

 

Uke needs ta read this:http://www.usatoday.com/money/perfi/columnist/krantz/2010-02-02-berkshire-hathaway-class-b-stock_N.htm





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Uke


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A leeeetle reminder for Sneeeepy:

At first blush, it would seem there's a fire sale on Berkshire Hathaway's class B shares. The shares, which started the year around $3,500 each, are now trading for about $75, as you can see here.

The shares didn't just fall 98% and present the buying opportunity of a lifetime. In January, in connection with Berkshire's acquisition of railroad company Burlington Northern, Berkshire conducted a 50-for-1 split in its class B shares. That means each shareholder now owns 50 shares for each single share owned before the split; the share price was divided by 50 as the number of shares was boosted 50 times.

The result is a lower share price, which makes the stock more attractive to smaller investors. The class B shares were first offered in 1996 to ward off efforts by third parties to create mutual funds that would buy Berkshire stock. But since that time, the value of Berkshire's B shares ran up to levels that put them out of reach again for small investors.

Remember this, though: Just because the stock price is lower, doesn't mean the stock is a bargain. As part of a stock split, a company also increases the number of shares outstanding. As a result, the company is worth same before and after the stock split.

It's also another reminder to investors that a stock's share price is meaningless by itself. It needs to be compared with the number of shares outstanding and with fundamentals such as earnings and revenue.

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Uke


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Uncle Warren is rich. And it's likely he will become richer still as people continue investing in his ponzi schemes (A, or B shares of BRK) which still pay NO dividend for the risk of owning said shares. Yet every day people toss money inta Berkshire Hathaway with purchases of shares in the conglomerate that represents Warren Buffett's companies.

Remember, just because it looks good on paper doesn't mean it's a good deal.

Ya gotta wonder...is it a good move ta invest with Uncle Warren based on his successes, or ta go it by yourself? Either way it's still a gamble. And gamblin' with stocks is perfectly legal.

Then again so's the casino down the road, or up the highway on the nearest Indian res...

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Snippy


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Uke wrote:

A leeeetle reminder for Ukeeeee:

At first blush, it would seem there's a fire sale on Berkshire Hathaway's class B shares. The shares, which started the year around $3,500 each, are now trading for about $75, as you can see here.

The shares didn't just fall 98% and present the buying opportunity of a lifetime. In January, in connection with Berkshire's acquisition of railroad company Burlington Northern, Berkshire conducted a 50-for-1 split in its class B shares. That means each shareholder now owns 50 shares for each single share owned before the split; the share price was divided by 50 as the number of shares was boosted 50 times.

The result is a lower share price, which makes the stock more attractive to smaller investors. The class B shares were first offered in 1996 to ward off efforts by third parties to create mutual funds that would buy Berkshire stock. But since that time, the value of Berkshire's B shares ran up to levels that put them out of reach again for small investors.

Remember this, though: Just because the stock price is lower, doesn't mean the stock is a bargain. As part of a stock split, a company also increases the number of shares outstanding. As a result, the company is worth same before and after the stock split.

It's also another reminder to investors that a stock's share price is meaningless by itself. It needs to be compared with the number of shares outstanding and with fundamentals such as earnings and revenue.

 The acquisition of BNSF was not done by BRK.B or BRK.A, it was done by Bershire Hathaway. BRK.B does not "contain" BNSF. It is not "mostly" BNSF. It has no more or less BNSF exposure than BRK.A. You don't buy BRK.B to invest in BNSF any more or less than you would buy BRK.B

BRK.B remains as it has since its creation -- a vehicle for smaller investors to invest directly in Bershire Hathaway. And, therefore, a vehicle to ward off single stock mutual funds of BRK.A shares. BRK.B is the functional equivalent of a single stock mutual fund of BRK.A shares.



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Snippy


Force Majeure

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Uke wrote:

Uncle Warren is rich. And it's likely he will become richer still as people continue investing in his ponzi schemes (A, or B shares of BRK) which still pay NO dividend for the risk of owning said shares. 

 Another common misconception. A dividend is simply a distribution of cashed out stock contemporaneously. It's the anti-Wimpie. It pays you today what you could have had if you sold on Tuesday.... It comes directly out of the share price. There's a reason they annotate the listing when a stock goes ex-dividend --  the price is reduced because the value of the company has been directly reduced by the amount of the dividend. Uncle Warren never paid dividends because it's another shell game. You want a dividend? Sell shares of stock. It's about the same thing.

BRK.B, still 1/1500th of a share of BRK.A. Nothing more. Nothing less.

 

BRK.A - $127,950.00 Jul 30, 4:00PM EDT

BRK.B -                             $85.23 Jul 30, 4:01PM EDT



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