It's Time to Rethink Berkshire Hathaway Inc. (BRK.B) Stock

It's Time to Rethink Berkshire Hathaway Inc. (BRK.B) Stock

Investor Warren Buffett has sold off roughly one-third of Berkshire Hathaway's 81 million IBM shares, but his company still holds more than 50 million shares. Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) owned about 81M IBM shares and has sold around 30M shares this year.

Warren Buffett, IBM's largest shareholder, has dumped about a third of his stock in the blue-chip tech company.

Like blooming flowers, the sudden viral spread of rosé, and young people acting like horned-up animals, people with gather in Omaha, Nebraska tomorrow to celebrate another rite of spring: The Berkshire Hathaway Annual Meeting. Weschler's fund reportedly rose 1,236 percent before he closed it over an 11-year period, trouncing Buffett's 146 percent gain over the same time frame.

Buffett also said that IBM is now in a market that has many big strong competitors.

"If he were given an interesting opportunity to spend US$100bil, he'd find the money", said Steve Wallman, a longtime Berkshire shareholder and investor in Middleton, Wisconsin.

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OMAHA, Neb. (AP) - Warren Buffett's company reported a 27 percent drop in its first-quarter profit largely because of a big gain it booked previous year in connection with two acquisitions.

Forrest did say she reexamined her position in the company once she heard of the Oracle of Omaha's move. Buffett explains why he doesn't "adjust" Berkshire's earnings like so many Wall Street-focused public companies do, and why Berkshire's market value has diverged so dramatically from its book value during the past 20 years, as the company's profits have increasingly come from operating businesses rather than investable securities. Buffett's investing lieutenants Todd Combs and Ted Weschler, who together recently managed $21 billion, may take over as chief investment officer.

In addition, several other key analysts have also reduced their price target for IBM shares. Buffett surely felt like capitulating past year at $120 but the company still had an attractive yield at that point so he was able to hang in there and minimize his losses. For the cult of Warren Buffett, Saturday marks a heavily circled date on the calendar for another reason: Berkshire Hathaway's (BRKB) annual meeting. At the end of December, Berkshire had US$86.4bil in cash, earning barely anything. "I've revalued it somewhat downward", Buffett told CNBC.

"But you are not going to learn a lot about Berkshire Hathaway, the company, " said Meyer Shields, a Keefe, Bruyette and Woods analyst.