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☆ CFRA: Lower demand for Berkshire Hathaway's products highlights economic slowdown
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFRA: Lower demand for Berkshire Hathaway's products highlights economic slowdownCathy Seifert, Vice President of CFRA Research, discusses about Berkshire Hathaway’s Q3 results, its recent stock selling-spree, and what all that says about the broader US market and economy.

Persons: Cathy Seifert Organizations: Berkshire, CFRA Research, Berkshire Hathaway’s

☆ Even Warren Buffett thinks his stock is too expensive
▼ + stars: | 2024-11-05 | by ( John Towfighi | ) edition.cnn.com time to read: +3 min

CNN —Warren Buffett’s Berkshire Hathaway has over $325 billion in cash on hand. Berkshire Hathaway was a net seller of stocks across its portfolio that quarter and grew its cash-on-hand to record amounts. Berkshire Hathaway’s actions signal to investors that its stock might be overvalued, Cathy Seifert, an analyst at CFRA Research, told CNN. Buffett will repurchase shares when he thinks the price is “below Berkshire’s intrinsic value, conservatively determined,” according to Berkshire Hathaway’s regulatory filings. “All this suggests that Buffett has serious concerns about the economic backdrop and the current state of the stock market,” Mould said in a note.

Persons: CNN — Warren, Berkshire Hathaway, Buffett, Cathy Seifert, they’re, ’ ” Seifert, He’s, ” Robert Korajczyk, Aswath, “, ” Damodaran, “ They’ve, Russ Mould, AJ Bell, ” Mould, ” Korajczyk Organizations: CNN, Berkshire, Securities, Exchange, CFRA Research, Buffett, Berkshire Hathaway’s, Northwestern’s Kellogg School of Management, NYU Stern School of Business Locations: Berkshire, “, ”, —

☆ Berkshire Hathaway now owns 100% of BHE, but the utility giant has been a weak spot for the conglomerate
▼ + stars: | 2024-10-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett took full control of Berkshire Hathaway Energy, a utility giant that it has owned a majority stake in since 1999, but the business has been a drag on the conglomerate. Berkshire bought the stake for $2.37 billion in cash, $600 million in debt as well as a significant amount of Berkshire Class B shares , according to a regulatory filing. Berkshire Vice Chairman Greg Abel, Buffett's designated successor, sold his 1% stake in BHE for $870 million at a much higher valuation just two years ago. The utility arm has been a weak spot for the conglomerate, which has otherwise enjoyed a few outstanding years. "BHE has been under pressure," said Cathy Seifert, Berkshire analyst at CFRA Research.

Persons: Warren Buffett, Walter Scott, Buffett, Bill Stone, Greg Abel, Buffett's, Abel, BHE, Cathy Seifert Organizations: Berkshire Hathaway Energy, Berkshire, Berkshire Class, Glenview Trust Company, CNBC, BHE, Oracle, CFRA Locations: Berkshire, Omaha, BHE, Glenview, U.S

☆ ‘ManhattAnt’: What to know about the invasive ant that’s ‘taken over’ NYC
▼ + stars: | 2024-08-23 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +9 min

Researchers first spotted the insect, dubbed the “ManhattAnt,” while doing a survey on ants in New York City in 2011. By comparing the New York ants with the European ones, Seifert was able to confirm the ant’s identity. Because the nests work together instead of against one another, they can spread faster and easily dominate an area by outcompeting native species, he added. “One of the things we know about a lot of invasive ant species is they displace the native species, and the native species that they’re displacing usually have very specialized roles in the ecosystem, so you’re sort of disrupting that ecosystem when these species get introduced,” Moreau said. Time will tell whether the ant has become more than just a nuisance and is disrupting the ecosystem, Penick said.

Persons: North America —, ”, Clint Penick, Samantha Kennett, Becca Senft, Penick, Corrie Moreau, Moreau, Bernhard Seifert, Seifert, Kennett, ” Moreau Organizations: CNN, New Yorkers, Auburn University, Apple, Cornell University, Clemson University Locations: North America, Manhattan, European, Europe, New York City, Alabama, Long, New Jersey, Maine, Georgia, New York, Germany, York, South Carolina

☆ Apple leads tech rout after Berkshire Hathaway sells more than half of its stake
▼ + stars: | 2024-08-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Apple stock plunged as much as 11% on Monday on news that Berkshire Hathaway sold about 50% of its stake. Warren Buffett's conglomerate sold about 390 million Apple shares in the second quarter. The decline in Apple shares, which was double the Nasdaq 100's decline of about 5%, came after it was revealed over the weekend that Warren Buffett's Berkshire Hathaway sold about 50% of its Apple stake. According to its second-quarter earnings report, Berkshire Hathaway sold about 390 million Apple shares during the quarter, which is on top of the 115 million Apple shares it sold during the first quarter of the year. This is an opportunity, especially going into what I view as a really historic upgrade cycle for Apple," Ives said.

Persons: Berkshire Hathaway, Warren Buffett's, —, Warren, Buffett, Cathy Seifert, Dan Ives, Ives, It's Organizations: Apple, Berkshire, Service, CFRA, CNBC Locations: Berkshire, Cupertino

☆ Zelenskyy says the problem with the coming F-16 fighter jets is the same one Ukraine had with the Abrams tanks
▼ + stars: | 2024-07-11 | by ( Chris Panella | Jake Epstein | ) www.businessinsider.com time to read: +6 min

Read previewWestern-provided F-16 fighter jets are on their way to Ukraine and set to start flying missions later this summer. But they may not yet be enough to make a difference on the battlefield, Ukrainian President Volodymyr Zelenskyy indicated in a discussion this week on what Ukraine needs, comparing the jets to the US-made Abrams tanks that Ukraine got last fall. "The problem with F-16," the Ukrainian president said, "is the number and the dates." The US sent only 31 M1A1 Abrams in total, and they were delivered to Ukraine months after British and German tanks. For comparison, Ukraine received about 300 US-made Bradley infantry fighting vehicles, nearly ten times more than the number of Abrams sent.

Persons: —, Volodymyr Zelenskyy, Abrams, Bret Baier, Zelenskyy, Derek Seifert, Zelenskky, haven't, Michael Currie, Antony Blinken's, it's, Zachariah Lopez, Jake Sullivan Organizations: Service, Business, Fox News, Reagan Institute, Abrams Ukraine, NATO, Egyptian, Force, US Air Force, US, Abrams, Bradley, Getty, Ukraine —, Ukrainian Air Force, Osan Air Base, US Air Force Tech, White, National Locations: Ukraine, Ukrainian, Washington , DC, Russia, Egypt, Denmark, Netherlands, Soviet, South Korea

☆ 'Twist' in Warren Buffett's succession plan raises eyebrows among Berkshire's Omaha faithful
▼ + stars: | 2024-05-06 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

OMAHA, Nebraska — Many Berkshire Hathaway shareholders left last weekend's annual meeting pondering Warren Buffett's big revelation about succession. Others think Abel will be more likely to delegate the responsibility of stock selection. Buffett's investment lieutenants, Todd Combs and Ted Weschler, have independently managed about $15 billion each for Berkshire over the past decade. In addition to Berkshire's enormous equity portfolio, its pile of cash grew to nearly $189 billion at the end of March. The new forecast would translate into more than 20% upside and push Berkshire's total market value above $1 trillion.

Persons: Warren Buffett's, Greg Abel, Buffett, Greg, Abel, Todd Combs, Ted Weschler, Buffett hasn't, Combs, Bill Stone, Charlie Munger, who's, he's, Bueffett's, Cathy Seifert, Brian Meredith, Meredith, — CNBC's Michael Bloom Organizations: OMAHA , Nebraska —, Berkshire Hathaway, Saturday, Madison Investments, CNBC, Geico, Glenview Trust, Berkshire Hathaway Energy, UBS Locations: OMAHA , Nebraska, Omaha, Berkshire, Toyama, UBS Berkshire

☆ Buffett's Berkshire Hathaway trouncing the market this year and near a record heading into shareholder meeting
▼ + stars: | 2024-05-03 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Berkshire Hathaway shares are near all-time highs ahead of the conglomerate's annual shareholder meeting, but a few worries are weighing on analysts' minds. BRK.B ALL mountain Berkshire Hathaway Class B shares But that doesn't mean the stock is without its problems. Berkshire Hathaway Energy Berkshire Hathaway has been contending with several high-profile lawsuits in recent months, including the settlement this year of a billion-dollar lawsuit with the Haslam family over how Berkshire valued Pilot Travel Centers, a truck-stop giant. Her 12-month price target of $472 implies Berkshire shares can climb roughly 18% from Thursday's closing price of $400.60 per share. "I think that the future is very bright for Berkshire Hathaway," Shanahan said.

Persons: Berkshire Hathaway, Cathy Seifert, Berkshire Hathaway Energy Berkshire Hathaway, Haslam, PacifiCorp, Warren Buffett's Berkshire Hathaway, Buffett, Edward Jones, James Shanahan, CFRA's Seifert, Seifert, Shanahan, Bull Organizations: Berkshire, Berkshire Hathaway, CFRA Research, Berkshire Hathaway Energy Berkshire, Travel Centers, Berkshire Hathaway Energy, Federal Reserve, CNBC Locations: Berkshire, Oregon, Northern California, Warren, Woodstock, Omaha , Nebraska

☆ Buy 'undervalued' Berkshire Hathaway shares ahead of 'Woodstock for Capitalists,' says CFRA
▼ + stars: | 2024-05-03 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

Before billionaire investor Warren Buffett takes the stage at Berkshire Hathaway's annual meeting on Saturday, investors may want to scoop up some of his stock, according to CFRA. "CFRA believes Berkshire Class B shares are undervalued versus historical averages, and we expect improved claim trends at GEICO and strong reinsurance results will provide the shares with a catalyst for continued outperformance," analyst Catherine Seifert wrote in a note Thursday. BRK.B 1Y mountain Berkshire Hathaway year to date Her $472 price target on class B shares suggest nearly 18% upside from Thursday's close. The meeting in Omaha, Nebraska, has been dubbed "Woodstock for Capitalists" thanks to the tens of thousands of investors who flock to hear Buffett speak. During the Q & A session, Seifert expects topics to include succession planning, given Charlie Munger's recent passing and Buffett's age, and its strategies on Geico, energy and acquisition.

Persons: Warren Buffett, CFRA, Catherine Seifert, Buffett, Seifert, Charlie Munger's Organizations: Berkshire Hathaway's, Berkshire Class, Berkshire Hathaway Locations: Omaha, Berkshire, Omaha , Nebraska, Woodstock

☆ How real estate's pain could be Wall Street's gain as Blackstone, Goldman, and others dive back in.
▼ + stars: | 2024-03-19 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

That's not to say predictions of a commercial real estate rebound are a sure bet. Here are four signs that support Gray's prediction that the commercial real estate market may be bottoming. (New York Community Bank had previously purchased $2.7 billion in Signature's loans and deposits, but not the real estate loans.) According to David Seifert, partner at private equity real estate firm Velocis, there are some sweet deals to be had in secondary sales of private-equity funds tied to real estate. The road aheadWhere Gray sees signs of bottoming, others think commercial real estate has much further to fall.

Persons: Warren Buffett, Buffett, Paul Getty, Getty, Steve Mnuchin —, Blackstone, Mnuchin, Donald Trump's, George Soros, John Paulson, It's, Jonathan Gray, Jim Garman, That's, Barry Sternlicht, Gray, Tracy Chen, Chen, BGO, secondaries There's, Ares, Brian King, King, David Seifert, Seifert, Velocis, Goldman Sachs, Dan McNamara, McNamara, Scott Rechler, wallop, Janet Yellen, Rechler, there's Organizations: Business, Goldman, Reuters, Starwood, Brandywine Global, Federal Reserve, . Bank, New York Community Bank, FDIC, Signature Bank, Community Bank, Fund Management, Community Preservation, New, Commercial Observer, Blackstone, Homes, Digital Realty, Polpo, RXR Locations: Blackstone, , New York, New York, BREIT, Real, Velocis

☆ Department of Justice opens probe of Globe Life, American Income Life
▼ + stars: | 2024-03-06 | by ( Susan Antilla | ) www.businessinsider.com time to read: +6 min

The U.S. Department of Justice has subpoenaed Globe Life Inc. and its subsidiary American Income Life seeking documents related to one of its top life insurance agencies — the Pittsburgh-based Arias Organization. Globe Life executives made no mention of the DOJ probe during a quarterly earnings call on February 8. In October, insurance regulators in Pennsylvania fined American Income Life $130,000 for engaging in deceptive consumer practices. "We do not believe the litigation will be material to Globe Life's overall results or American Income Life's agency operations," he said. Darden told the analysts that "as soon as American Income became aware of" the allegations, AIL hired an outside investigator to look into the matter.

Persons: Arias, Renee Zinsky, Michael Russin, Joel Scarborough, Globe's, Trina Orlando, Cathy Seifert, Seifert, Scarborough, Simon Arias, Natalie Price, AIL, Warren Buffett's Berkshire, James Darden, Darden, Zinsky, Janet Hendrick, Phillips Murrah, Kathryn D, Terry, Liz Rita, Susan Antilla Organizations: U.S . Department of Justice, Inc, Organization, News, Business, BI, CFRA Research, Securities and Exchange Commission, Globe, DOJ, Scarborough, US, Office, Western, Western District of Pennsylvania, Arias Agencies, The, Justice, Warren, Warren Buffett's Berkshire Hathaway, Commission, Department of Justice, AIL, Income, Zinsky, Law Locations: Pittsburgh, Scarborough, Western District, Pennsylvania, Dallas, Globe, Denver, AIL, susan.antilla1@gmail.com

☆ Can Buffett’s Berkshire make the $1 trillion milestone? Analysts weigh in
▼ + stars: | 2024-02-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street analysts have a cautious view on Berkshire Hathaway , though they praised a solid earnings report over the weekend from Warren Buffett 's conglomerate. Berkshire also said its cash rose to a record $167.6 billion, topping its prior high of $157.2 billion held in the previous quarter. Berkshire's stock initally rose in trading on Monday, with both classes hitting all-time highs intraday, and bringing the conglomerate closer to a $1 trillion valuation. BRK.A YTD mountain Berkshire Hathaway Class A However, many Wall Street analysts are wary on Berkshire, with many expecting that the stock is fairly valued as much of the strength is already priced into the stock. Berkshire's solid earnings reflected outperformance in auto insurer Geico, but the results were dinged by lower earnings in utilities and energy.

Persons: Berkshire Hathaway, Warren Buffett, FactSet, Edward Jones, James Shanahan, Keefe, Woods, Meyer Shields, Shields, Brian Meredith, CFRA's Catherine Seifert, Buffett, Michael Bloom Organizations: Berkshire Hathaway, Wall, UBS Locations: Berkshire, Omaha

☆ Warren Buffett’s highly anticipated annual letter arrives Saturday. Here’s what to expect
▼ + stars: | 2024-02-23 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett is about to release his must-read annual letter where he's expected to pay a heartwarming tribute to the late Charlie Munger. The 93-year-old chairman and CEO of Berkshire Hathaway is slated to release his annual shareholder letter Saturday at 8:00 a.m. "Succession is a top-of-mind issue for many Berkshire investors," Cathy Seifert, Berkshire analyst at CFRA Research, said in a note. Buffett's investment lieutenants, Todd Combs and Ted Weschler, have taken on more responsibilities at Berkshire, independently overseeing about $15 billion each. The run up in Berkshire shares may have curbed the amount of buyback activity in the fourth quarter.

Persons: Warren Buffett, Charlie Munger, Berkshire Hathaway, Steve Check, Munger, Buffett, Munger's, it's, Greg Abel, Cathy Seifert, Todd Combs, Ted Weschler, Todd, Ted Organizations: Check Capital Management, Berkshire, CFRA Research, Investors, Berkshire Hathaway, BNSF Railway Locations: Berkshire, Berkshire Hathaway The Omaha, Dairy

Kyle Juszczyk remembers the different feel when he took the field for the first time in the playoff rivalry between his San Francisco 49ers and the Green Bay Packers. That rivalry of San Francisco and Green Bay is always a big one. Favre followed with two quick touchdown passes as Green Bay rolled to a 27-17 win. Green Bay won the first playoff matchup 23-10 against Mariucci the following year as the frustration mounted in San Francisco. Kaepernick braved the cold of Green Bay the following year and played without long sleeves or gloves.

Persons: Kyle Juszczyk, “, ” Juszczyk, ”, Aaron Rodgers, Mike Holmgren, Steve Young, Brett Favre, Favre, Holmgren, Reggie White, Adam Walker, Francisco’s, Craig Newsome, Desmond Howard, Young, Sean Jones, George Seifert, Steve Mariucci, “ It’s, ” Young, Terrell Owens, Owens, ” Owens, ” Favre, Rodgers, Alex Smith, Colin Kaepernick, Smith, Charles Woodson, SHANAHAN, LAFLEUR, Kyle Shanahan, Matt LaFleur, Shanahan, Raheem Mostert's, Robbie Gould, Deebo Samuel Organizations: San Francisco 49ers, Green Bay Packers, Packers, 49ers, NFC, Niners, Super, Candlestick Park, Dallas, ’, ”, Green Bay, Mariucci, Favre, didn’t, San Francisco, Super Bowl Locations: San Francisco, Green, warmups, Atlanta, Francisco’s, Francisco, Green Bay

☆ Charlie Munger's death brings home the inevitable future: Berkshire without Warren Buffett
▼ + stars: | 2023-12-03 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Greg Abel, vice chairman of Berkshire's non-insurance operations, became known as Buffett's heir apparent in 2021 after Munger inadvertently made the revelation . Ajit Jain, Berkshire's vice chairman of insurance operations, had been a top contender for the top job, but Buffett recently revealed that Jain "never wanted to run Berkshire." "All [Munger's passing] does is add to the conversation that what happens when Buffett's gone because this brings it home. Berkshire analysts believe the event won't notably alter Berkshire's transition plans. James Shanahan, Edward Jones' Berkshire analyst, also said he remains confident in the leadership of Berkshire following Munger's passing.

Persons: Charlie Munger, Warren Buffett's, Berkshire Hathaway, Greg Abel, Munger, Ajit Jain, Buffett, Jain, Abel, he's, Buffett's, Bill Stone, Warren Buffett, Catherine Seifert, James Shanahan, Edward Jones, CNBC's Becky Quick, Ted Weschler, Todd Combs Organizations: Oracle, Berkshire, Glenview Trust, CFRA's, MidAmerican Energy, Berkshire Hathaway Energy Locations: Berkshire, Omaha, Glenview, CFRA's Berkshire, Japan

(AP) — Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. Berkshire Hathaway said in a statement that Munger’s family told the company that he died Tuesday morning at the hospital just over a month before his 100th birthday. “Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom and participation,” Buffett said in a statement. Munger and Buffett began buying Berkshire Hathaway shares in 1962 for $7 and $8 per share, and they took control of the New England textile mill in 1965. He also gave a significant portion of his Berkshire stock to his eight children after his wife died in 2010.

Persons: Charlie Munger, Warren Buffett, Berkshire Hathaway, ” Buffett, Munger, Buffett, “ Charlie, Buffett’s, Ben Graham, ” Munger, ” Edward Jones, Jim Shanahan, Cathy Seifert, ” Seifert, didn’t, Charles T, See’s Candy, it’s, ”, Investor Whitney Tilson, Tilson, you’ve, ” Tilson, hadn’t, Josh Funk Organizations: Daily Journal Corp, Wall Street Journal, CNBC, Columbia University, Berkshire Hathaway, BNSF, Apple, CFRA, Buffett, Buffalo News, Wesco, Investor, University of Michigan, Army Air Corps, Harvard University, Harvard, Westlake, Stanford University Law School, Huntington Library, Samaritan Hospital, Westlake School, Costco Wholesale Corp Locations: OMAHA, Neb, Berkshire, California, New England, Los Angeles, Pasadena, Munger, Omaha , Nebraska, Omaha, Southern California, “, ”

☆ Berkshire Hathaway vice chairman Charlie Munger dies at 99
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +12 min

Nov 28 (Reuters) - Charlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway (BRKa.N), died on Tuesday morning at a California hospital. For stock-pickers like us to lose Charlie Munger, would be like if you’re a basketball fan and you lose Bill Russell. "I wouldn't think Berkshire will look much different, apart from Buffett no longer being able to share ideas with Munger. CATHERINE SEIFERT, VICE-PRESIDENT, CFRA RESEARCH, NEW YORK“Berkshire Hathaway shareholders are not going to be directly or negatively impacted from the passing of Charlie Munger. Therewass already a transition plan in place and there's a transition plan in place when Warren Buffett passes away.

Persons: Charlie Munger, Warren Buffett, Charlie, WHITNEY TILSON, BRIAN MOYNIHAN, Charlie Mungerwass, ” BURNS MCKINNEY, Bill Russell, ”, Berkshire Hathaway, ” PHIL ORLANDO, FEDERATED HERMES, BILL, Buffett, Munger, PHILLIP, —, STEVE SOSNICK, “, ” WIN MURRAY, DIAMOND, MARY JO, BILL SMEAD, Warren, ” “ Buffett, Todd Combs, Ted Weschler, ” PAUL LOUNTZIS, Greg Abel, I've, you'll, STEPHEN DODSON, hewass, ” PAUL NOLTE, FOR MURPHY, Warren Buffet, they've, QUINCY KROSBY, RICK MECKLER, CHERRY, NEW VERNON, Hewass, obviouslywass, DOUG KASS, ” THOMAS RUSSO, GARDNER RUSSO, QUINN, CATHERINE SEIFERT, he's, ” ANTHONY SAGLIMBENE, THOMAS HAYES Organizations: Berkshire Hathaway, COOK, APPLE, WHO, KASE, OF, FEDERATED, Berkshire, ” WIN, THE BRETTON, SAN, SYLVEST, NEW, Buffett, GREAT, Global Finance, Markets, Thomson Locations: California, Munger, Berkshire, American, DALLAS , TEXAS, GLENVIEW, CALIFORNIA, CONNECTICUT, DIAMOND HILL, COLUMBUS , OHIO, PHOENIX, ” “ Berkshire, , PENNSYLVANIA, ELMHURST, IL, CHARLOTTE, NC, CHERRY LANE, NEW JERSEY, LANCASTER , PENNSYLVANIA, Munger . Berkshire, TROY , MICHIGAN, GREAT HILL

☆ A top Democrat's indictment could be a game-changer for 2 troublesome allies seeking US fighter jets
▼ + stars: | 2023-11-19 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Menendez's removal could be a game-changer for two countries who have long sought US fighter jets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . His removal could be a game-changer for Egypt and Turkey — two important but vexing US allies — when it comes to buying modern US-made fighter jets to upgrade their air forces. Turkey's F-16 prospectsA Turkish F-16 during a NATO Air Policing mission out of Poland in August 2021. It has ordered 54 French-made Rafale multirole jets in a bid to, at least partially, diversify its overwhelmingly American-made fighter arsenal.

Persons: Sen, Bob Menendez, Menendez, —, Bob Menendez's, Turkey's, Cuneyt, Getty Images Menendez, Recep Tayyip Erdogan, Erdogan, Ben Cardin, Getty Images Cardin, Cardin, Ryan Bohl, RANE, Bohl, Frank McKenzie, Derek Seifert Cairo, Su, Paul Iddon Organizations: Foreign, Service, New, New Jersey Democrat, Senate Foreign Relations, NATO Air Policing, Anadolu Agency, Getty Images, Turkish, NATO, Turkish Air Force, East, Business, US Air Force KC, 135R, US Air Force, Getty, US Central Command, State Department, Air Force Locations: New Jersey, Egypt, Turkey, Turkish, Poland, NATO, coziness, Russia, Malbork, North Africa, Israel, Cairo, China, Dubai, United States, France

☆ Buffett's Berkshire posts bigger loss as stocks fall; operating profit sets record
▼ + stars: | 2023-11-04 | by ( Jonathan Stempel | ) www.reuters.com time to read: +6 min

Operating profit rose 41% to $10.76 billion, even as Berkshire's net loss more than quadrupled to $12.77 billion. "Against that backdrop it's not surprising that Berkshire's consumer and housing-related subsidiaries are seeing pressure," she said. "Berkshire is disciplined," said Tom Russo, a partner at Gardner Russo & Quinn in Lancaster, Pennsylvania who has owned Berkshire stock since 1982. Berkshire's net results swing widely because accounting rules require the company to report investment gains and losses even if it buys and sells nothing. His $117.5 billion net worth ranks fifth worldwide according to Forbes magazine.

Persons: Rick Wilking, Warren Buffett's, Jim Shanahan, Edward Jones, Cathy Seifert, extol, Buffett, Tom Russo, Gardner Russo, Quinn, Cash, Berkshire's, Ian, Geico, Shanahan, PACIFICORP, Haslam, Jonathan Stempel, Ira Iosebashvili, Jason Neely, Diane Craft Organizations: Berkshire Hathaway, REUTERS, Warren Buffett's Berkshire Hathaway Inc, Apple, Treasury, BNSF, Clayton Homes ., Berkshire, Forbes, . Berkshire, Thomson Locations: Omaha, U.S, Berkshire, Omaha , Nebraska, Lancaster , Pennsylvania, California, Florida , New Jersey, New York, United States, Israel

☆ Berkshire Hathaway shares are cheap after a pullback from record high, CFRA says
▼ + stars: | 2023-11-02 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Berkshire Hathaway 's shares are trading at a significant discount, offering investors a buying opportunity ahead of the conglomerate's earnings report, according CFRA. The current trading level is "offering investors an attractive entry point to acquire the shares," Seifert said in a note. BRK.B YTD mountain Berkshire Hathaway The Omaha-based conglomerate's class A shares have rallied 11.7% this year. Warren Buffett 's Berkshire is set to report its third-quarter earnings Saturday morning. "CFRA believes Berkshire's diversified revenue and earnings mix is positive for the shares, and following a recent pullback, we view BRK.B undervalued versus historical averages," CFRA said.

Persons: Berkshire Hathaway, Catherine Seifert, Seifert, Warren Buffett, CFRA Organizations: CFRA's, Berkshire Hathaway Locations: Berkshire, CFRA's Berkshire, Berkshire Hathaway The Omaha

☆ Tucker Carlson media company signs its first ad deal
▼ + stars: | 2023-10-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Former Fox News host Tucker Carlson's new media company has officially signed its first advertising deal. Preliminary details of the agreement between Carlson's new media company and PublicSq. Carlson's new company is named Last Country, according to The Wall Street Journal. Carlson's departure from Fox News came after the network's parent company settled Dominion Voting Systems' defamation lawsuit for $787.5 million. Since it went public, PublicSq.

Persons: Tucker, Michael Seifert, Carlson, Seifert, Donald Trump, Vivek Ramaswamy, Nick Ayers, Mike Pence, Former U.S . Sen, Kelly Loeffler, Neil Patel, Patel, Omeed Malik, Malik Organizations: Fox News, CNBC, PublicSq, New York Stock Exchange, Wall Street, Twitter, Republican, Systems, Former U.S ., U.S . Chamber of Commerce, Amazon, Chamber of Commerce, Colombier Locations: PublicSq, Capital

The firm's results "underscore continued pressure on industry organic growth that may last longer than currently reflected in investors’ expectations amid higher-for-longer short-term rates," analysts at Goldman Sachs wrote in a report Friday. "While we are encouraged by the firm’s sharper focus on expenses, we expect (BlackRock's) near-term organic base fee growth to remain muted." Investors are likely waiting for yields to peak before making any significant changes in their asset allocation, BlackRock said. "The long-term trend of clients consolidating more of their portfolios with BlackRock is only accelerating, and underlying business momentum remains strong," Fink said. The New York-based company's chief source of revenue is the management fees it earns as a percentage of the total AUM.

Persons: Brendan McDermid, Larry Fink, Fink, Kyle Sanders, Edward Jones, Larry, Goldman Sachs, . Fink, Cathy Seifert, Jaiveer Singh, Devika Syamnath, Jonathan Oatis Organizations: BlackRock, New York Stock Exchange, REUTERS, Federal Reserve, Goldman, CNBC, Revenue, The, Thomson Locations: New York City, U.S, BlackRock, The New York, Bengaluru

☆ Berkshire Hathaway has to make more deals to sustain expected growth
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire Hathaway has to make more deals to sustain the growth that investors are looking forCathy Seifert from CFRA Research says Berkshire Hathaway is keeping the powder dry and that sourcing acquisition candidates remains a challenge.

Persons: Berkshire Hathaway, Cathy Seifert Organizations: Berkshire, CFRA Research Locations: Berkshire

☆ Berkshire posts record operating profit, rising rates boost Buffett's returns
▼ + stars: | 2023-08-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +5 min

"The earnings impact of higher interest rates on investment income is offsetting the economic softness caused by those same rates," he added. Investors closely watch Berkshire because of Buffett's reputation, and because results from the Omaha, Nebraska-based company's operating units often mirror broader economic trends. NOT LOVING VALUATIONSQuarterly operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Berkshire repurchased $1.4 billion of stock in the quarter, down from $4.4 billion from January to March. Overall profit from Berkshire Hathaway Energy, where Berkshire has a 92% stake, was little changed at $785 million.

Persons: Warren Buffett, Rick Wilking, Berkshire Hathaway, Jim Shanahan, Edward Jones, Buffett, Cathy Seifert, Seifert, PacifiCorp, Jonathan Stempel, Ira Iosebashvili, Angus MacSwan, Jan Harvey, Alistair Bell, Diane Craft Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Berkshire, Berkshire's Clayton Homes, Profit, BNSF, Forbes, Berkshire repurchased, Apple, Berkshire Hathaway Energy, Occidental Petroleum, Thomson Locations: Omaha , Nebraska, Berkshire, Alleghany, Oregon, An Oregon, Occidental, New York

☆ Berkshire posts record operating profit, $35.9 billion of net income
▼ + stars: | 2023-08-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

Quarterly operating profit topped $10 billion for the first time but grew just 7%, in part from recent purchases of the Alleghany insurer and Pilot truck stop operator. Second-quarter operating profit rose to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Net income totaled $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss. Pilot added $114 million to operating profit. Overall profit from Berkshire Hathaway Energy, in which Berkshire has a 92% stake, was little changed at $785 million.

Persons: Warren Buffett, Rick Wilking, Berkshire Hathaway, Cathy Seifert, Seifert, Buffett, PacifiCorp, Jonathan Stempel, Angus MacSwan, Jan Harvey, Alistair Bell Organizations: Berkshire Hathaway Inc, Omaha , Nebraska U.S, REUTERS, Berkshire, Clayton Homes, BNSF, Berkshire repurchased, Apple, Occidental Petroleum, Berkshire Hathaway Energy, Forbes, Thomson Locations: Omaha , Nebraska, Berkshire, Alleghany, Occidental, An Oregon, New York

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