123

Berkshire: Little Downside Left at Current Levels

how's sears doing

ConocoPhillips: More Than Just a Great Stock

Does it bother noone that COP's capex goes up as high or higher than its profits?

What Caused Berkshire's Freefall - And How Investors Can Benefit

Warren got $4.5B (for now) to bet against those who think that the market will be lower in 10 years than it is now. That is incredible.

With Great Values Now In the Markets, the Glass Is Half Full

to correct the WFC-that didn't make sense-hasn't bought common in an American co in the last "decade or two" for personal account except for the WFC.

With Great Values Now In the Markets, the Glass Is Half Full

to user197175-agree with you there.

Heard WB say that he hasn't bought common in an American company for his own personal account since he purchased WFC in the low $20's earlier this year.

It is still-I mean you are starting to see ratios come down, for example I own EBAY which makes about $2.4B cash a year trading at a $15B EV (6.25X though I know you all can do the math), even though the sentiment is just awful around that company.

But still it is tough at least for me, to see stable companies selling at 5X with decellarating earnings though you are starting to see decaying companies in that range, ie GCI, DLX, nearly impossible to see 3X with flat or accelerating earnings. So it's not like this stuff is dirt cheap as some people are implying, especially considering noone really knows how far fundamentals will deteriorate in this recession or depression whatever you want to call it.