Comments on: Berkshire Reports June Buys, Sells, and An Arbitrage Play http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/ Value Investing Blog Mon, 16 May 2011 10:55:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jerry http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-1689 Jerry Thu, 03 Apr 2008 16:16:48 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-1689 WLP and UNH surely did tank and may present a good opportunity. The only problem is possible health care reform. Last months Fortune maganzine had a nice spread on what the Dems and Reps plans are. I believe there is some risk involved in holding any health care provider stock in this political environment where both parties want change. By the way, I own both. WLP and UNH surely did tank and may present a good opportunity. The only problem is possible health care reform. Last months Fortune maganzine had a nice spread on what the Dems and Reps plans are. I believe there is some risk involved in holding any health care provider stock in this political environment where both parties want change. By the way, I own both.

]]> By: Dave http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-1688 Dave Mon, 31 Mar 2008 05:08:46 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-1688 Indeed, he has been adding to Wellpoint and UNH. In the past few weeks these stocks have tanked. So, if one has the opportunity to acquire WLP at 60%(ish) of Buffet's valuations and UNH @ 70%(ish) of Buffet's valuation, a long term holder might benefit from letting Buffet's valuations serve as a guide to acquiring a good company at an even further discount. Indeed, he has been adding to Wellpoint and UNH. In the past few weeks these stocks have tanked. So, if one has the opportunity to acquire WLP at 60%(ish) of Buffet’s valuations and UNH @ 70%(ish) of Buffet’s valuation, a long term holder might benefit from letting Buffet’s valuations serve as a guide to acquiring a good company at an even further discount.

]]> By: Joe Ponzio http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-1138 Joe Ponzio Tue, 08 Jan 2008 16:45:22 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-1138 Michael, (MikeR) is right - check out <a href="http://www.fwallstreet.com/blog/85.htm" title="this post">this post</a>. Even though I run a financial institution, I generally find them very difficult to value. Michael, (MikeR) is right – check out this post.

Even though I run a financial institution, I generally find them very difficult to value.

]]> By: (MikeR) http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-1105 (MikeR) Mon, 31 Dec 2007 17:08:29 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-1105 Michael, Check out the Nov 7 entry, Robert Explains Financial Institution Valuation. Michael,

Check out the Nov 7 entry, Robert Explains Financial Institution Valuation.

]]> By: Michael http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-1101 Michael Sun, 30 Dec 2007 16:10:26 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-1101 Joe, I just got on your website and really enjoy your valuation examples. It's nice to see some quantifiable examples of calculating intrinsic values. I was wondering if you had considered doing a quick valuation of Wells Fargo. This is a long time holding of Warren Buffett and he has recently added more to Berkshire Hathaway's equity portfolio (per 9/30/07 10Q). Given it's high ROE of about 19%, low PE of 11.5, and it's recent dip in stock price down to $30 it appears to be a classic Buffett purchase. I have looked at your valuations of Wal-Mart and Johnson & Johnson and would be interested to see a financial institution's valuation. They don't have the annual Cap Ex of a Johnson & Johnson and are a little different animal. Thanks, Michael Joe,

I just got on your website and really enjoy your valuation examples. It’s nice to see some quantifiable examples of calculating intrinsic values. I was wondering if you had considered doing a quick valuation of Wells Fargo. This is a long time holding of Warren Buffett and he has recently added more to Berkshire Hathaway’s equity portfolio (per 9/30/07 10Q). Given it’s high ROE of about 19%, low PE of 11.5, and it’s recent dip in stock price down to $30 it appears to be a classic Buffett purchase.

I have looked at your valuations of Wal-Mart and Johnson & Johnson and would be interested to see a financial institution’s valuation. They don’t have the annual Cap Ex of a Johnson & Johnson and are a little different animal.

Thanks,

Michael

]]> By: Jerry Gunn http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-789 Jerry Gunn Fri, 16 Nov 2007 06:16:08 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-789 Any thoughts on UNH and WLP? Any thoughts on UNH and WLP?

]]> By: Joe Ponzio http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-188 Joe Ponzio Wed, 22 Aug 2007 19:19:52 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-188 I'll post something about it soon. Companies in the financial services sector require a bit more work and are more confusing. That is probably why Morningstar hasn't posted their cash flows yet. Check back soon as a lot of people have e-mailed me this question so I have a ready answer. I’ll post something about it soon. Companies in the financial services sector require a bit more work and are more confusing. That is probably why Morningstar hasn’t posted their cash flows yet.

Check back soon as a lot of people have e-mailed me this question so I have a ready answer.

]]> By: quick http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-179 quick Tue, 21 Aug 2007 09:05:02 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-179 How would you value AXP? It's balance sheet on Morningstar looks different than other companies. Thanks for the great info... Cheers, How would you value AXP? It’s balance sheet on Morningstar looks different than other companies.

Thanks for the great info…

Cheers,

]]> By: Joe Ponzio http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-146 Joe Ponzio Wed, 15 Aug 2007 10:16:40 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-146 Hi John, I just checked and the Dow Jones position wasn't on <a href="http://www.sec.gov/Archives/edgar/data/1067983/000095013407011675/a30064ue13fvhr.txt" title="this March 31, 2007 filing">this March 31, 2007 filing</a>. I don't know when he actually began acquiring it; but, it showed up for the first time on <a href="http://www.sec.gov/Archives/edgar/data/1067983/000095013407018234/a32912ce13fvhr.txt" title="the June 30, 2007 filing">the June 30, 2007 filing</a>. Hi John,

I just checked and the Dow Jones position wasn’t on this March 31, 2007 filing. I don’t know when he actually began acquiring it; but, it showed up for the first time on the June 30, 2007 filing.

]]> By: John http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play/#comment-145 John Wed, 15 Aug 2007 08:57:04 +0000 http://www.fwallstreet.com/article/45-berkshire-reports-june-buys-sells-and-an-arbitrage-play#comment-145 He bought Dow Jones in March, I believe, before Rupert came along He bought Dow Jones in March, I believe, before Rupert came along

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