According to trade publication Reorg Research,the relevant US Department of Justice staff will not oppose the merger of drugstore chain/pharma benefits manager CVS Health with health insurer Aetna,sending a sigh of relief through the sector and an uptick in share prices.The 69 billion dollar transaction is a move seen at least partly as a reaction to the entry of electronic commerce giant Amazon into the health care field.Another possible reaction was by health insurer Cigna as it seeks to merge with pharma benefits manager Express Scripts.
In January 2018,Amazon,Berkshire Hathaway and JP Morgan Chase,which collectively employ more than 500,000 people,announced they are forming a joint enterprise to provide care for staff at a reasonable cost by enabling simplified,high quality and transparent health care through technology.JP Morgan Chase CEO Jamie Dimon explained:
The three of our companies have extraordinary resources,and our goal is to create solutions that benefit our US employees,their families,and,potentially,all Americans.*
Reorg Research provides automated docket updates;breaking news;and analysis for distressed debt investors;lawyers;and restructuring professionals.The New York-based company seeks to provide independent,insightful and timely market intelligence and analysis for better business and investment decisions.*
The DOJ staffers will submit their recommendation to their superiors for final approval at the end of July.*
Aetna Inc (AET),Cigna Inc (CI),CVS Health (CVS),Express Scripts (ESXR)
Showing posts with label Berkshire Hathaway. Show all posts
Showing posts with label Berkshire Hathaway. Show all posts
Monday, July 16, 2018
Monday, April 9, 2018
Microsoft Founder Foresees Another Financial Crisis Ahead
According to one of the world's wealthiest and most respected businessmen and philanthropists,,Microsoft principal founder and billionaire Bill Gates,another shattering downturn is on the way.Making his annual appearance on the Reddit programme "Ask Me Anything" on 27 February 2018,Mr.Gates opined:
It is hard to say when,but this is a certainty.
Fortunately,we got through the last one (2008) reasonably well.Warren (Buffett,billionaire co-founder of Berkshire Hathaway) has talked about this and he understands this area far better than I do.Despite this prediction of bumps ahead,I am quite optimistic about how innovation and capitalism will improve the situation for humans everywhere.*
Mr.Gates had a bit of advice for investors in the face of this warning:
If you aren't willing to own a stock for 10 years,don't even think about owning it for 10 minutes.*
Mr.Buffett had these words for investors in his 2018 annual letter to Berkshire Hathaway investors:
It is a terrible mistake for investors with long-term horizons-among them,pension funds,college endowments and savings-minded individuals-to measure their investment "risk" by their portfolio's ratio of bonds to stocks.Often,high-grade bonds in an investment portfolio increase its risk.*
There is simply no telling how far stocks can fall in a short period.Even if your borrowings are small and your positions aren't threatened by the plunging market,your mind may well become rattled by scary headlines and breathless commentary.And an unsettled mind will not make good decisions.*
Stick with big,"easy" decisions and eschew activity.*
Microsoft (MSFT),Berkshire Hathaway Inc. Class B Shares (BRK.B)
It is hard to say when,but this is a certainty.
Fortunately,we got through the last one (2008) reasonably well.Warren (Buffett,billionaire co-founder of Berkshire Hathaway) has talked about this and he understands this area far better than I do.Despite this prediction of bumps ahead,I am quite optimistic about how innovation and capitalism will improve the situation for humans everywhere.*
Mr.Gates had a bit of advice for investors in the face of this warning:
If you aren't willing to own a stock for 10 years,don't even think about owning it for 10 minutes.*
Mr.Buffett had these words for investors in his 2018 annual letter to Berkshire Hathaway investors:
It is a terrible mistake for investors with long-term horizons-among them,pension funds,college endowments and savings-minded individuals-to measure their investment "risk" by their portfolio's ratio of bonds to stocks.Often,high-grade bonds in an investment portfolio increase its risk.*
There is simply no telling how far stocks can fall in a short period.Even if your borrowings are small and your positions aren't threatened by the plunging market,your mind may well become rattled by scary headlines and breathless commentary.And an unsettled mind will not make good decisions.*
Stick with big,"easy" decisions and eschew activity.*
Microsoft (MSFT),Berkshire Hathaway Inc. Class B Shares (BRK.B)
Monday, May 20, 2013
Should You Invest in the Wintergreen Fund
The direction in the West is improving.People are beginning to buy,said David J.Winters of Wintergreen Advisers LLC in Mountain Lakes,New Jersey.We still believe the future of the world is in the Asia Pacific.
We own a lot of Berkshire Hathaway BRK b shares.
The public are still hiding under their desks.They haven't gone back to the equity market.At some point,the bond markets are gonna go up and people will get crushed.People are still scared,both companies and individuals.
The US is a mature economy with lots of debt,unlike Asia.The EU in general is in deep,deep trouble and we just don't want to play because it's too hard.We love companies with no debt-you don't have a lot of risk.
Hong Kong is one of the great,great places.
David J.Winters manages the Wintergreen Fund,a global value mutual fund with much of the flexibility of a low risk hedge fund.It is #23 out of 287 World Stock funds as rated by US News.Morningstar Associates gives it four out of five stars.
The Wintergreen Fund has returned 13.26% over one year;and 4.85% over five years.Its expense ratio is 1.89%,which is considered Above Average in its category.In Mornngstar's opinion,however,the fund is Below Average in risk.
Wintergreen Fund(WGRNX)
We own a lot of Berkshire Hathaway BRK b shares.
The public are still hiding under their desks.They haven't gone back to the equity market.At some point,the bond markets are gonna go up and people will get crushed.People are still scared,both companies and individuals.
The US is a mature economy with lots of debt,unlike Asia.The EU in general is in deep,deep trouble and we just don't want to play because it's too hard.We love companies with no debt-you don't have a lot of risk.
Hong Kong is one of the great,great places.
David J.Winters manages the Wintergreen Fund,a global value mutual fund with much of the flexibility of a low risk hedge fund.It is #23 out of 287 World Stock funds as rated by US News.Morningstar Associates gives it four out of five stars.
The Wintergreen Fund has returned 13.26% over one year;and 4.85% over five years.Its expense ratio is 1.89%,which is considered Above Average in its category.In Mornngstar's opinion,however,the fund is Below Average in risk.
Wintergreen Fund(WGRNX)
Tuesday, March 12, 2013
Warren Buffett and Common Sense in Business
In retail,your competition is always moving,said Berkshire Hathaway CEO and noted billionaire Warren Buffett,referring to JC Penney's current difficulties.
I do not care whether Berkshire Vice Chairman Charlie Munger's in the office or not.He's always got Berkshire on his mind.I only talk to him about once a week.
I feel very good about my three children.
Low interest rates could pose a problem for insurance companies down the road.When you roll over bonds,you're getting a lower rate.The profitability is going down because of that.They own a lot of bonds.
Of all my companies,I would keep GEICO because of sentimental reasons.It goes back early in my life.
Airlines have all the ingredients of a bad business.
People can buy a low cost index fund and participate in the future of America and they should forget about it for five years,and they should be fine.You can own index funds for a very low cost and get the same performance as people who charge you a whole lot more.
I think we live in the best country in the world and we will solve our problems.
Buffett represents American industry and American business,according to CNBC's Jim Cramer.The common sense in his annual letter is so much fun.
If Apple don't do anything with their cash,they are becoming the anti-Buffett.He'd rather buy a business than keep cash.He's a thoughtful man for many years.I like him.
Berkshire Hathaway(BRKb)
I do not care whether Berkshire Vice Chairman Charlie Munger's in the office or not.He's always got Berkshire on his mind.I only talk to him about once a week.
I feel very good about my three children.
Low interest rates could pose a problem for insurance companies down the road.When you roll over bonds,you're getting a lower rate.The profitability is going down because of that.They own a lot of bonds.
Of all my companies,I would keep GEICO because of sentimental reasons.It goes back early in my life.
Airlines have all the ingredients of a bad business.
People can buy a low cost index fund and participate in the future of America and they should forget about it for five years,and they should be fine.You can own index funds for a very low cost and get the same performance as people who charge you a whole lot more.
I think we live in the best country in the world and we will solve our problems.
Buffett represents American industry and American business,according to CNBC's Jim Cramer.The common sense in his annual letter is so much fun.
If Apple don't do anything with their cash,they are becoming the anti-Buffett.He'd rather buy a business than keep cash.He's a thoughtful man for many years.I like him.
Berkshire Hathaway(BRKb)
Monday, February 22, 2010
Did Berkshire Guess Right?
Berkshire Hathaway,billionaire Warren Buffett's holding company,made a number of portfolio changes in 2009,according to documents filed with the Securities and Exchange Commission.Just how effective were these moves?Among the adjustments were additions to various holdings.They added 9.5% more Wells Fargo shares.To date in 2010,Wells Fargo is up 1.4% in value.They also added to Republic Services by 128% in Q4 of 2009.Those shares have gone down 0.8% in value so far in 2010.Berkshire increased their Iron Mountain shares by 107.6% in Q4.That stock has risen 6.1% in 2010.They also added 25% more shares of Becton Dickinson in Q4.Those shares have lost 1.7% in value so far this year.That's two wins and two losses for Berkshire Hathaway on their buy side transactions.
Berkshire Hathaway not only bought a number of shares in 2009;they unloaded a lot of them as well.They cut their Exxon Mobil holding by 67%.To date in 2010,Exxon shares have declined 3.4% in value.Berkshire also axed Procter and Gamble shares by 9.5% in Q4.That stock is up 4.7% this year.Also in Q4 of 2009,Berkshire cut its Conoco Phillips holding by 34.3%.Those shares have depreciated by 4.29% in 2010.The Johnson and Johnson holding was reduced by 26.5% in Q4.That stock has lost 0.9% in 2010.That's three good guesses and one poor one for Mr.Buffett's firm on the sell side.Berkshire Hathaway did better on the sell side than on the buy side,judging by the results to this point in 2010.Overall,they scored five wins and three losses according to the publicly available information.
Berkshire Hathaway not only bought a number of shares in 2009;they unloaded a lot of them as well.They cut their Exxon Mobil holding by 67%.To date in 2010,Exxon shares have declined 3.4% in value.Berkshire also axed Procter and Gamble shares by 9.5% in Q4.That stock is up 4.7% this year.Also in Q4 of 2009,Berkshire cut its Conoco Phillips holding by 34.3%.Those shares have depreciated by 4.29% in 2010.The Johnson and Johnson holding was reduced by 26.5% in Q4.That stock has lost 0.9% in 2010.That's three good guesses and one poor one for Mr.Buffett's firm on the sell side.Berkshire Hathaway did better on the sell side than on the buy side,judging by the results to this point in 2010.Overall,they scored five wins and three losses according to the publicly available information.
Tuesday, February 24, 2009
Berkshire Hathaway Shuffles Stakes
Warren Buffett's holding company,Berkshire Hathaway,has been rearranging its portfolio.It unloaded about 9.5 million shares of staples behemoth Procter and Gamble,or about 9% of its holding.It also jettisoned more than half of its Johnson and Johnson shares,selling approximately 33.1 million shares.Berkshire's Anheuser Busch holding was liquidated after Belgian firm InBev purchased the American brewer in November 2008.Constellation Energy Group and NRG Energy were positions that Berkshire augmented,while Nalco Holding Company,a water treatment,equipment and services firm,was the only totally new purchase,at 8.7 million shares.The rearrangement took place over Q4 2008.
What Kraft Offers
Kraft Foods offers value with some of its products.We give value to the consumer with products such as Kraft cheese singles and mac and cheese,Ms.Rosenfeld believes.Kraft Velveeta cheese is a staple of backwoods cabins.I certainly think the economic stimulus plan is a step in the right direction,the executive stated.Kraft Foods is a holding of Warren Buffett's Berkshire Hathaway.It was spun off from tobacco titan Altria Group.
Tuesday, October 21, 2008
Wellpoint Is Ready
Health insurer Wellpoint(WLP) is ready for whatever the U.S. presidential election brings.CEO Angela Braly says the firm will work with either candidate.With 35 million members in its 14 Blue Cross plans,served by more than 42,000 employees,Wellpoint is the largest U.S. health insurer.Founded in 1944,the Indianapolis company is known for its stock buybacks in support of the share price.Wellpoint is a holding of billionaire Warren Buffett's Berkshire Hathaway.
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