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In the guide, Buffett says he made a "mistake" last year by "spending too much time on a few subjects." He promises he won't go "astray" this year and expects that roughly 60 questions will be answered.
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'Buffett still has what it takes' |
In a pre-meeting article, Barron's Andrew Bary writes this week that "it's a great time to bet on Buffett and Berkshire stock."
He says Buffett "seems as sharp as ever" and is "acting like Buffett again," buying stocks like Chevron and Occidental Petroleum, acquiring insurer Alleghany for a "cheap price" last year, and increasing Berkshire's stake (as scheduled) in the parent of Pilot Flying J truck stops.
In addition, Berkshire has "never been in better shape," with after-tax operating earnings from its businesses expected to increase more than 10% this year.
According to Bary, "Add it all up and Berkshire stocks looks appealing, despite not appearing cheap" with the A shares trading at 21.6 times projected earnings for the year versus 18.9 for the S&P. |
Berkshire distances itself from troubled talc supplier |
Berkshire Hathaway is stressing its tangential relationship with a subsidiary that filed for bankruptcy this week in the face of numerous personal injury lawsuits accusing it of selling talc contaminated with asbestos.
In a news release Thursday, Berkshire says an "indirect" subsidiary of the company acquired the equity of Whittaker, Clark & Daniels and several of its associates in 2007.
Although they still had claims against them, they had "ceased their operations in 2004 and sold all their operating assets prior to the acquisition."
In addition, "No Berkshire company ever operated, or had any involvement in, the manufacturing and chemical operations that gave rise to the companies' liabilities."
The Wall Street Journal reports Whittaker Clark filed for chapter 11 even though a judge in South Carolina ordered the appointment of a receiver after the company lost a $29 million verdict last month.
The lawyers for the plaintiffs in that case tells the Journal he will challenge the bankruptcy filing. |
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