DNCs Coll(F)usion GPShip Strzok an IceberGowdy says:
Like or Dislike:
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More railroads? Nope. Not likely after the TrumPipeline restarts, as more efficient transport of oil over land.
More solar energy companies? Nope. Exhibit A: Solar energy failures during the Obama years; e.g. Solyndra. While Buffet may still believe that myth, stockholders in BH are smart enough to have quickly learned a lesson about solar energy competing against re-started coal mines.
I’ll give this more thought and return later with other possibilities.
I read BH has about $29B in surplus funds due exclusively to the TRA-17 tax cuts. Will Uncle Warren thank TrumPresident? I think not. But he may thank the American voters, indirectly and subtly, with investment of that money, to create or sustain jobs.
If he truly wants to go huuuuuge, he could pick up GE for pennies on the dollar and take millions of shareholders out of misery. Take it private, totally replace upper management and clean up a culture that is under close investigation by the feds. The Immelt-Obama bromance ruined the company which, BTW, the master PR salesman Jack Welch quietly left in shambles. Lost 50% of its share price in 2017 when most of the market went bananas. $14/share now and dropping.
I also thought about GE, but I think that their insurance problems make that a “none starter”.
Just please DO NOT buy an airline! Keep our cash and wait for someone to have to come begging and then deploy the cash at a great rate for Berkshire
It could be a conglomerate like GE. But why do people suggest he buy GE? It’s a mess. Answer: if it could be bought at a fire sale price, AND someone is on BH’s BoD or Management crew who is capable of rehabilitation of GE, then it may happen.
It’s probably better to buy 1 or 2 well-run, single-industry companies that complement the current BH cos.
More railroads? Nope. Not likely after the TrumPipeline restarts, as more efficient transport of oil over land.
More solar energy companies? Nope. Exhibit A: Solar energy failures during the Obama years; e.g. Solyndra. While Buffet may still believe that myth, stockholders in BH are smart enough to have quickly learned a lesson about solar energy competing against re-started coal mines.
I’ll give this more thought and return later with other possibilities.
Insurance companies are chump change for Uncle Warren?
I read BH has about $29B in surplus funds due exclusively to the TRA-17 tax cuts. Will Uncle Warren thank TrumPresident? I think not. But he may thank the American voters, indirectly and subtly, with investment of that money, to create or sustain jobs.
Buy GE. I hear they can be acquired for pennies on the dollar.
If he truly wants to go huuuuuge, he could pick up GE for pennies on the dollar and take millions of shareholders out of misery. Take it private, totally replace upper management and clean up a culture that is under close investigation by the feds. The Immelt-Obama bromance ruined the company which, BTW, the master PR salesman Jack Welch quietly left in shambles. Lost 50% of its share price in 2017 when most of the market went bananas. $14/share now and dropping.
I also thought about GE, but I think that their insurance problems make that a “none starter”.
Just please DO NOT buy an airline! Keep our cash and wait for someone to have to come begging and then deploy the cash at a great rate for Berkshire
It could be a conglomerate like GE. But why do people suggest he buy GE? It’s a mess. Answer: if it could be bought at a fire sale price, AND someone is on BH’s BoD or Management crew who is capable of rehabilitation of GE, then it may happen.
It’s probably better to buy 1 or 2 well-run, single-industry companies that complement the current BH cos.
He might want to consider Delta since they came out against the NRA discounts. They might be bought cheap as well.
JC Penny?
Texas Rangers?????