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Warren Buffett, tells us more!

This morning Warren Buffett was interviewed and said he would be in favor of the federal government passing legislation for a second stimulus bill -- increasing the money supply again by gargantuan proportions.

While "my pal" Warren got plenty of ink (and pixels) for his comments it left me wanting more. Buffett has the most to gain, and the most to lose -- and at the same time he cannot really lose.

Since Buffett has so many billions of dollars and controls billions more, and influences still more in the hundreds of billions, he clearly has been and continues to be negatively affected by our economic firestorm more than almost any other individual could be.

Continue reading Warren Buffett, tells us more!

Oxford Club bets on Buffett

Long-term growth stock expert Alexander Green sees long-term upside potential for conservative investors willing to invest along side of Warren Buffett.

Here, the investment director of The Oxford Club reviews Berkshire Hathaway (NYSE: BRK.B), a holding in his model portfolio.

"The market surprised investors with the magnitude of its drop over the last year and a half. Then it surprised them again with a furious rally that began in early March.

"What lies just ahead? No one knows for sure, of course. But we do know several investments that are attractively priced at current levels, such as Berkshire Hathaway (BRK.B), a conservative choice, run by investment great Warren Buffett.

Continue reading Oxford Club bets on Buffett

Closing Bell: If the pullback never comes... (BAC, WFC, XHB, CROX, DNDN, BRK.A, ADBE)

If you have been waiting and hoping for a pullback of any size, the moves here are probably starting to make as much sense as using the notion that you should buy just because a company is keeping the same dividend it has always had. The markets screamed higher again today on the heels of some very solid housing data and that has the bulls firmly in charge again. In turn, market bears are becoming about as popular today as management of troubled banks. Here were today's unofficial closing bell levels:

Dow 8,410.81 +198.40 (2.42%)
S&P 500 907.24 +29.72 (3.39%)
Nasdaq 1,763.56 +44.36 (2.58%)

Top Analyst Upgrades and Downgrades

Continue reading Closing Bell: If the pullback never comes... (BAC, WFC, XHB, CROX, DNDN, BRK.A, ADBE)

Chasing Value: Intuitive Surgical's right price

It is not possible to follow all stocks or companies with equal intensity, focus, or depth of knowledge. One that I have followed for over ten years is Intuitive Surgical, Inc. (NASDAQ: ISRG).

I originally bought in at the very bottom, about $7.70 and last year sold about 20% of our position for $192. The stock had reached an all time high about 18 months ago just shy of $360, so my timing was far from ideal, but I was influenced by other factors. In this case a real estate transaction.

Over the past six months I have been buying more shares and have more than doubled our position. I believe that ISRG remains a growth stock, but for quite some time it has been value priced. However, I cannot tell you what exactly is the right price -- that is a big question.


Continue reading Chasing Value: Intuitive Surgical's right price

Guru strategies find value in oil sector

"Stocks, by just about every long-term valuation measure, are undervalued," says John Reese, who continues to recommend putting money to work in undervalued stocks.

In his Validea newsletter, he selects "undervalued" issues by using screens based on the investment strategies of leading investors such as Peter Lynch, Ben Graham and Warren Buffett. Here's a a look at four current buys in the oil sector.

Reese explains, "If you think you can predict investors' emotional states, or how an unprecedented economic crisis will play out, then go ahead and wait for the bottom. I suffer no such delusions, however.

"Rather than playing the risky game of bottom-calling -- which more often than not leads to investors missing the big initial push of a new bull run -- I'll continue to put money into undervalued stocks.

Continue reading Guru strategies find value in oil sector

Berkshire Hathaway (BRK.B): Buffett is still a good bet

"Though the past year has been tough for Warren Buffett, we still like Berkshire Hathaway (NYSE: BRK.B), which we believe is well-positioned for the year ahead," says Paul Tracy.

In his StreetAuthority Market Advisor, he looks at the holding company which is a position in his "undervalued gems" model portfolio. Here's his review.

"For only the second time in the investment-based company's 44 years, Buffett saw the book value of Berkshire drop. Of course his book value decline of 9.6% should be put in context with the 37% loss incurred by the S&P 500.

Continue reading Berkshire Hathaway (BRK.B): Buffett is still a good bet

Berkshire's Moody's downgrades Buffett

In what surely must be the PR move of the decade, Moody's Corp. (NYSE: MCO) has downgraded Berkshire Hathaway (NYSE: BRK.A) from AAA to AA2.

Why is this a great PR move? Well, Berkshire owns 20% of Moody's. And what could be a better demonstration of Moody's independence and objectivity than its decision to downgrade the financial strength of its biggest shareholder?

Pretty clever, no? Sure -- unless you start to consider that Moody's and the other ratings agencies gorged on fees from investment banks to rate toxic waste for years -- using their AAA credit ratings to convince investors to buy the securities. Now that the ratings agencies have no fees to earn from rating toxic waste, they are studiously trying to rebuild their reputation for objectivity.

Continue reading Berkshire's Moody's downgrades Buffett

Buffett's fave banker bolts

In the investment banking world, it's important to cultivate key relationships with powerful people. It is a way to riches.

This has certainly been the case with Byron Trott, a top Goldman Sachs (NYSE: GS) banker. His top client? Warren Buffett.

Well, it appears that Trott has decided to leave Goldman (keep in mind that Trott has been with the firm since the early 1980s). That is, he will now operate his own merchant bank. In fact, he plans to raise as much as $2 billion for a fund.

Continue reading Buffett's fave banker bolts

Bulls & Armstrong take over, Buffett & GE take their medicine

Heading into the week's end, we find that the ground under Wall Street has shifted a little. For at least one week this year, investors have looked at the glass as half full, lending some support to a story I posted earlier in the week: Is the stock market spring loaded? Could it move 3,000 points higher now?

Given that there was plenty of bad news, and some of the good news was suspect, I think investors simply decided "it is better to light one small candle than curse the darkness."

Continue reading Bulls & Armstrong take over, Buffett & GE take their medicine

Warren Buffett on the hunt for U.S. acquisitions

With the stock market hovering around a 12-year low, Warren Buffett is back on the hunt for U.S. acquisitions.

The Berkshire Hathaway (NYSE: BRK.A) mogul told Bloomberg that the depressed U.S. market and lack of cash available to fund deals is making the domestic market attractive in a way that it hadn't been in years. "The way things are going, there's a lot of things that may be happening in the United States," he said.

Buffett has already made preferred stock and convertible bond deals with a number of distressed companies with strong long-term prospects, taking fat yields along with a chance to profit from turnarounds. Buffett also told Bloomberg that his GEICO business is doing well as cost-conscious consumers look for better deals on car insurance, but added that Berkshire's other consumer-oriented companies are flailing along with the broader economy.

Continue reading Warren Buffett on the hunt for U.S. acquisitions

Naclo (NLC): Buffett's bet on water

"Warren Buffett's Berkshire Hathaway revealed a new position in Nalco Holding (NYSE: NLC); it's my favorite pure play on water filtration," says Chris Mayer in Daily Wealth.

"With a $1.6 billion market cap, Nalco is a small-cap stock, but it's actually one of the world's largest water-treatment companies. Customers use Nalco's products and services to prevent corrosion, contamination, and the buildup of harmful deposits.

"Buffett picked up 8.7 million shares. That makes Berkshire the second-largest shareholder in the company, with a little more than 6% of the shares.It's easy to see what Buffett likes.

Continue reading Naclo (NLC): Buffett's bet on water

Serious Money: Frustration is not apathy!

One of our reader's who blesses us with frequent comment's, B. Harrison, left the following tidbit for us recently (responding to: Buffett suffers big losses at Berkshire Hathaway) and I thought I would share it because this sentiment comes to us frequently.
  • "And the American people are simply apathetically sitting back while our CORRUPT Congress who enabled and allowed all of the corporate FRAUDS, continues to allow the CORRUPT CEOs and Boards of Directors run those corporations, and to keep their ill gotten "weath" that they amassed while mismanaging the corporations, and orchestrating and perpetuating all of those FRAUDS."
I do not agree that the American people are "apathetically sitting back".... They are voicing their opinions on the web, in letters and emails to their representatives, they take to the streets and protest, they sell the stock of poorly run companies and file class action suits. The truth is that they are frustrated because our representatives have an unwavering singular focus, and that is to sustain themselves in office. Nothing takes a higher priority then that; it's called political self preservation.

Continue reading Serious Money: Frustration is not apathy!

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Last updated: July 11, 2009: 02:03 AM

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