Warren Buffett’s investment company Berkshire Hathaway has reported a 33% of earning growth for the second quarter of 2007. Berkshire Hathaway also reported that it bought $11.456 billion of stocks during the 6 months ended June 30.
Berkshire Hathaway’s net income climbed to $3.12 billion, or $2,018 a share, from $2.35 billion, or $1,522, a year earlier. Investment gains more than doubled to $608 million. Profit before the investment gains rose 22 percent to $2.51 billion, or $1,625 a share. Revenue climbed 13 percent to $27.3 billion.
It seems that Warren Buffett is finding a lot of ideas to buys these days. For the 6 months ended June 30, Berkshire Hathaway spend $ 11.456 billion buying stocks, which is a sharp increase from the $4.648 billion in the same period last year. Warren Buffett sold about $2 billion of stocks.
Even after Warren Buffett bought more than $11 billion of stocks, he still cannot spend the cash that is flowing in from Berkshire Hathaway’s operations. As of June 30, he has more than about $47 billion in cash, an increase of $5 billion from a year ago.
While buying Berkshire’s shares is always a good idea. Most of us are more in interested in what stocks Warren Buffett bought with this $11 billion? We reported that Warren Buffett bought railroad companies (see: The Two Other Rail Companies Buffett Bought: Norfolk Southern Corp (NSC, Financial) and Union Pacific Corp (UNP, Financial) , and Berkshire Hathaway Owns Burlington Northern Santa Fe in Its Three Subsidiaries .) Did he add more to those holdings? Did he find other ideas? With the recent market fear with financial stocks, it is certainly a good time for Warren Buffett to step in, especially financials are within Warren Buffett’s circle of competence.
We have started a contest to see who can best predict what stocks Warren Buffett bought during the second quarter. You can participate this contest by going to: GuruFocus Contest: What Stocks Did Buffett Buy?
As Berkshire continues to produce great return for its shareholders, for those who don’t own Berkshire Hathaway yet, it is also a question whether Berkshire is undervalued. How much is Berkshire Hathaway worth? Will investing in Berkshire Hathaway produces better long term returns? You can share your opinion by voting the fair value of Berkshire Hathaway below.
Berkshire Hathaway’s net income climbed to $3.12 billion, or $2,018 a share, from $2.35 billion, or $1,522, a year earlier. Investment gains more than doubled to $608 million. Profit before the investment gains rose 22 percent to $2.51 billion, or $1,625 a share. Revenue climbed 13 percent to $27.3 billion.
It seems that Warren Buffett is finding a lot of ideas to buys these days. For the 6 months ended June 30, Berkshire Hathaway spend $ 11.456 billion buying stocks, which is a sharp increase from the $4.648 billion in the same period last year. Warren Buffett sold about $2 billion of stocks.
Even after Warren Buffett bought more than $11 billion of stocks, he still cannot spend the cash that is flowing in from Berkshire Hathaway’s operations. As of June 30, he has more than about $47 billion in cash, an increase of $5 billion from a year ago.
While buying Berkshire’s shares is always a good idea. Most of us are more in interested in what stocks Warren Buffett bought with this $11 billion? We reported that Warren Buffett bought railroad companies (see: The Two Other Rail Companies Buffett Bought: Norfolk Southern Corp (NSC, Financial) and Union Pacific Corp (UNP, Financial) , and Berkshire Hathaway Owns Burlington Northern Santa Fe in Its Three Subsidiaries .) Did he add more to those holdings? Did he find other ideas? With the recent market fear with financial stocks, it is certainly a good time for Warren Buffett to step in, especially financials are within Warren Buffett’s circle of competence.
We have started a contest to see who can best predict what stocks Warren Buffett bought during the second quarter. You can participate this contest by going to: GuruFocus Contest: What Stocks Did Buffett Buy?
As Berkshire continues to produce great return for its shareholders, for those who don’t own Berkshire Hathaway yet, it is also a question whether Berkshire is undervalued. How much is Berkshire Hathaway worth? Will investing in Berkshire Hathaway produces better long term returns? You can share your opinion by voting the fair value of Berkshire Hathaway below.
