AP: Buffett's firm defends valuation of 5 stocks

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Mar 28, 2011
Interesting pieces of information on Berkshire Hathaway:
OMAHA, Neb. (AP) -- Warren Buffett's company offered a strong endorsement of five stocks it holds as part of discussions with regulators, saying it believes Wells Fargo & Co., Kraft Foods Inc., Sanofi-Aventis, Swiss Re and US Bancorp are all undervalued.


Buffett's Berkshire Hathaway Inc. on Monday filed copies of letters it had exchanged with the Securities and Exchange Commission over the past several months.


Regulators had questioned whether Berkshire should write down the value of those investments because their stock prices had fallen since Buffett's company first bought the shares. Berkshire resisted because company officials believe all five stocks will rebound and Berkshire has no immediate plans to sell them at the current lower prices.
How come I have never been able to do the same to my wife…


Read the full text from Associated Press.