Berkshire Hathaway Inc's annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers.
Many investors will focus on the quarterly performance of Berkshire’s more than 90 operating businesses, which in 2019 posted an average $6 billion of quarterly profit.
“As goes Berkshire, so goes the economy,” said Lawrence Cunningham, a George Washington University law professor who has published several books on Berkshire.Investors will also look for how far Berkshire dipped into its $128 billion year-end cash hoard, whether through investments in other stocks or repurchases of its own.
Bill Smead, chief executive of Smead Capital Management in Seattle, likened the environment to the 1974 bear market, when Buffett told Forbes magazine he felt like an “oversexed man in a harem” when looking for investment opportunities.“You can’t pour water from a barrel into a teacup,” Smead said, while adding he wished Buffett would admit stockpiling cash was a mistake: “He needs to work for the benefit of those who, like him, have over 90% of their net worth in the company.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Warren Buffett's Berkshire Hathaway has likely plowed billions into stocks and buybacks, investor Bill Ackman predicts | Markets InsiderWarren Buffett's Berkshire Hathaway may have spent billions on share buybacks and other stocks during the market meltdown, hedge fund chief Bill...
Lire la suite »
Warren Buffett shared his key piece of advice for wannabe investors, and it's all about having the 'proper attitude' | Markets InsiderBillionaire investor Warren Buffett and Berkshire Hathaway boss thinks a proper attitude to investing is more important than technical skills. '...
Lire la suite »
Facebook could prove its worth to small businesses during the crisis - Business InsiderAs small businesses are devastated by coronavirus, Facebook looks in a stronger position than ever
Lire la suite »
Coronavirus pandemic will likely end the strong profit growth in Singapore banksSingapore's three largest banks are scheduled to release first-quarter earnings in the coming days, starting with DBS on Thursday.
Lire la suite »
For Airbnb, 2020 Was Supposed To Be A Banner Year. Then The Pandemic HitAirbnb has lost $1.5 billion in bookings as the appeal of staying in a stranger’s home declines amid a pandemic. The company is launching new cleaning protocols to curb the spread of the coronavirus.
Lire la suite »
Pelosi names seven Democratic lawmakers to committee tasked with overseeing coronavirus stimulus moneyThe panel will oversee the trillions of dollars disbursed by the federal government to address the impacts of the coronavirus pandemic.
Lire la suite »