Tuesday, August 07, 2007
Two More Buys
I bought one share of Berkshire Hathaway B (BRKB) @ $3615 and one hundred of Safety Insurance (SAFT) @ $33.26. I thought that Berkshire had another great quarterly report and it was time to double my position. SAFT is a stock I noticed a long time ago and occasionally checked in on but never bought. The negative for this stock is its position as a regulated insurer in the Massachusetts market is coming to an end. The positive is that the P/E is very low and the stock is trading at about book value. The big sell down in recent months has followed other financials and I expect is due to fears that the stated book value is not the true value of net assets when all assets are actually marked to market. It doesn't seem though that this firm's investment portfolio is signifcantly affected by these kind of issues.
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3 comments:
BRK-B is only list of things to buy.
its kind of like a an achievement, similar to buying your first car or house.
further up the list is BRK-A!!
Not sure what you mean, anyway now I have 2 BRKBs. No point buying BRKA except it has more voting rights than 30 BRKBs do. I first bought BRK in 1999. August 25th actually. Bought and sold a couple of times...
I understand there's some snob value attached to the A shares at the annual meetings in Omaha.
Apparently some people attend then near religious-like fervor!
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