Todd Sullivan

Buying Dow for a Better Deal than Warren Buffett Got

jim,

technical? no...

fundmantal? i have posted over 50 times on dow giving a multitude of reasons.

read them and if you have any counter arguments, i'd love to hear them

Buying Dow for a Better Deal than Warren Buffett Got

bozak,

nat. gas. when dow goes online in SA they will be paying 40% LESS than marlet prices for nat. gas.

they are also talking to gazprom about a JV

Buying Dow for a Better Deal than Warren Buffett Got

najdorf

the convertable convert sat dow's discretion after 5 years. they can also opt to pay him the interest in cash, shares, or more convertible.

Financials: This Is What the Start of a Bottom Looks Like

john h

agreed..

Comparison to Berkshire Hathaway Shows Sears Has Hope

FIG,

i think you really aren't getting it. forget insurance. it has no relevance whatsoever in the early years of berkshire which was the point if the post....

the way warren ran berkshire then and lampert is running shld now are similar.

Comparison to Berkshire Hathaway Shows Sears Has Hope

rohan,

LOL.. your reply was better than mine

Comparison to Berkshire Hathaway Shows Sears Has Hope

he folded the buffett partnership when he bought berkshire and people were offered money or shares in hathaway...

Lampert.... too early tell. it is a bit like a hedge fund with the credit swaps he has but for now it is a retailer. he has spent most of his energies repairing the huge mess he bought and financially, the company is in great shape and the balance sheet is clean. my guess is in 3-4 years it will be a much different operation though..... at least more diverse

Comparison to Berkshire Hathaway Shows Sears Has Hope

fig,

incorrect. Warren began buying geico big in 1976-to 1981 investing $45.7 million in it. as late ad 1992 he only has 48% and bought the rest in 1995. he first bought in in 1971, 6 years after he took control of berkshire.

Berkshire's 1st insurance operation was not bought until year 3 (national indemnity). that was the point of the post. most people think Berkshire has
been into insurance from day one when the reality is far different.

i agree on your point on insurance vs retail and the point of the post was that retail (sears) is a better business that a textile mill which is all berkshire was until year 3.

it was a comparison of years 1 and 2 of the two businesses, do not jump ahead in Berkshire to year six and draw conclusions because we cannot compare when we do not know what sears will be in 4 years from now.

i am fully versed in buffetology, you are missing the point of the post

Comparison to Berkshire Hathaway Shows Sears Has Hope

al,

i said betting against them "long term". either company could have been shorted and people could have made tons at times in the past..

he does not control AZO or AN..

Comparison to Berkshire Hathaway Shows Sears Has Hope

fig,

it is a look at the early years. berkshire was a textile mill, not an insurance company when it started. people tend to forget that when they make the lampert / buffett comparison. the exercise was to see what it was when it started to see what it morphed to. to think sears and kmart are all that sears holdings will be 10 years from now causes people analyze it wrong.

it was simply an effort to compare both companies at their early stages

Berkshire Supporters and Buffett Himself Reinforce My Point

FIG,

I think legends only grow when they are no longer around. Ever heard of babe ruth?

He could have purchased a huge stake (10's of billions) in walmart the past 3 years off the top of my head at almost identical prices to what he originally bought at

Berkshire Supporters and Buffett Himself Reinforce My Point

ray....

to a point you are correct, but with the big cap purchases he made, it does not wash. let's not forget, walmart has been flat for about 3 years now.

i do recognize that there are plenty of smaller fish he could not make a meaningful purchase in, my frustration is that when he could, he did not.

Berkshire Hathaway: Hold Off Until Buffett Steps Down

i agree they are trading at a value, that is my point. they are trading at a value because folks realize the $40 B will be sitting there for years. if he would deploy it, the stock would jump..

you never heard this argument from me before because I was an owner and he was investing based on his statments, not anymore..

Berkshire Hathaway: Hold Off Until Buffett Steps Down

he has been buying shares regularly, just not swinging for then fences