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Mason Hawkins Comments on Berkshire Hathaway

August 12, 2013 | About:
Holly LaFon

Berkshire Hathaway (BRK)(BRK.A)(BRK.B), which we purchased for the second time in our history in 2012, rose 7% in the quarter and has advanced 25% YTD. The price rose earlier this year when BRK announced its joint acquisition of Heinz with 3G Capital. During the recent quarter, the company's various operating businesses reported solid results. In insurance, GEICO profitably grew at faster rates than its peers, and a lack of catastrophes benefitted reinsurance. In the rail segment, BNSF increased units and price with particularly strong transportation of petroleum and consumer products. The company's utilities had rate increases and higher natural gas volumes due to a colder winter. Additionally, BRK announced the acquisition of NV Energy, a Nevada utility.

From Mason Hawkins' semi-annual 2013 report.

Rating: 1.0/5 (1 vote)

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