All Posts Tagged With: "BRKB"
(BRKB) Berkshire Hathaway-B (BRKB) – Bull of the Day
Berkshire Hathaway-B (BRKB) reported its third quarter 2011 operating earnings of $1.54 per share up 36% year-over-year, led by higher operating income across all the business segments except Finance & Financial Products. Insurance, Railroad, Utilities and Energy, Manufacturing,...
2Dec2011 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway’s Buffett Adds Hometown Newspaper
On Wednesday, Warren Buffett, the Chairman and CEO of Berkshire Hathaway Inc. (BRKA) (BRKB), announced an acquisition to buy The Omaha World-Herald Company, publisher of Nebraska’s principal daily newspaper. The deal would add the World-Herald, six other daily newspapers and...
2Dec2011 | vitalstocks | 0 comments | Continued(DHI) U.S. Housing Starts Slip Less Than Expected
We got some fairly good news on the housing front this morning. Housing Starts fell in September to a seasonally-adjusted annual rate of 628,000 from 630,000 in August, a drop of 0.3%. But the number was much better than the expected level of 603,000. However, the September numbers...
21Nov2011 | vitalstocks | 0 comments | Continued(BRKB) International Energy Agency Offers Sobering Outlook
Not all the important news is centered on Greece and Italy. The International Energy Agency, or IEA, this week released its World Energy Outlook. The IEA is not some wild-eyed “peak oil/global warming” fringe group. They are about as mainstream and staid a group as...
12Nov2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Aquires Esurance and Answer Financial from White Mountains Insurance Group
On Friday, Allstate Corp. (ALL) announced the completion of the acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. (WTM) for $1.0 billion. This marks the next biggest acquisition for the company since 1999, when it bought American Heritage...
13Oct2011 | vitalstocks | 0 comments | Continued(EQR) Used Home Prices Stabilize in July
In July, home prices were mixed on a seasonally adjusted basis. The Case-Schiller Composite 10 City index (C-10) fell a slight 0.12% on a seasonally adjusted basis, and is down 3.77% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10)...
28Sep2011 | vitalstocks | 0 comments | Continued(DHI) U.S. New Home Sales Move Down Slightly
New Home Sales in August fell by 2.3% from July to a rate of 295,000. Relative to a year ago, sales are up 6.1%. While the year-over-year rebound is more than welcome, it is still a very dismal rate of new home sales. However, there was an upward revision to the July numbers...
27Sep2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 27, 2011 – Corporate Summary
• Share prices of Buffet’s Berkshire Hathaway (NYSE:BRKB) closed 8.62% higher after the company said it might buy back stock for the first time since 1965 • i-Phone maker Apple’s (NASDAQ:AAPL) shares fell marginally, by 0.28% to close at $403.17...
27Sep2011 | vitalstocks | 0 comments | Continued(DHI) U.S. Housing Starts Down – Permits Up
Housing Starts fell in August to a seasonally adjusted annual rate of 571,000 from 601,000 in July, a decrease of 5.0%. However, the July numbers were revised lower from 604,000, so it is possible to see the decrease as 34,000, or 5.5%. The number was also slightly below the...
21Sep2011 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway Closes Lubrizol Acquisition
Berkshire Hathaway Inc. (BRKA) (BRKB) has completed the timely acquisition of The Lubrizol Corp., a chemical company headquartered in Ohio. The acquisition will cost the company $9.7 billion, at $135 per share. The purchase consideration includes $0.7 billion of the acquired...
20Sep2011 | vitalstocks | 0 comments | Continued(BAC) Solid Earnings Season – Stocks Look Cheap
The Earnings Picture Second quarter earnings season is effectively over with 492 or 98.4% of the S&P 500 reports in. With the exception of a handful of financials — most notably Bank of America (BAC), which had a $12 billion negative swing in net income from last year...
1Sep2011 | vitalstocks | 0 comments | Continued(SA) U.S. Housing Prices Mixed in June
In June, home prices were mixed. The Case-Schiller Composite 10 City index (C-10) rose a slight 0.04% on a seasonally adjusted basis, and is down 3.85% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) edged down by 0.06% on the month...
1Sep2011 | vitalstocks | 0 comments | Continued(BAC) Company News for August 26, 2011 – Corporate Summary
• Hormel Foods (NYSE:HRL) reported Q3 EPS of $0.37, beating the Zacks Consensus Estimate of $0.35. Revenues for the quarter rose 10.4% to $1.91 billion, exceeding the Zacks Consensus Estimate of $1.881 billion • Compass Diversified Holdings (NASDAQ:CODI) said...
26Aug2011 | vitalstocks | 0 comments | Continued(AGII) Company News for August 9, 2011 – Corporate Summary
• Share prices of America’s biggest bank, Bank of America Corp. (NYSE:BAC) fell 20.32% after a report in the New York Times said that American International Group, Inc. (NYSE:AIG) has filed a suit against the bank to recover more than $10 billion in losses due to...
9Aug2011 | vitalstocks | 0 comments | Continued(DHI) U.S. New Home Sales Still Awful
New Home Sales in May fell by 1.0% from May, to a rate of 312,000. Relative to a year ago, sales are up 1.6%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales. Also, there was a downward revision to the May numbers of 4,000 to 315,000....
31Jul2011 | vitalstocks | 0 comments | Continued(DHI) U.S. Housing Starts and Building Permits Rise
Housing Starts rose in June to a seasonally-adjusted annual rate of 629,000 from 549,000 in May, an increase of 14.6%. However, the May numbers were revised lower from 560,000, so it is possible to see the increase as 69,000, or 12.3%. Relative to a year ago they are up 11.8%. Quite...
20Jul2011 | vitalstocks | 0 comments | Continued(BRKB) Berkshire Hathaway in Race for Citigroup Unit?
Berkshire Hathaway Inc. (BRKB) is said to be in race for the consumer lending unit of Citigroup Inc. (C), according to a Wall Street Journal report. Berkshire is a part of the bidding group comprising private-equity investment firm Centerbridge Capital Partners LLC and Leucadia...
11Jul2011 | vitalstocks | 0 comments | Continued(EQR) U.S. Home Prices Mixed – Good News
In April, home prices were mixed. The Case-Schiller Composite 10 City index (C-10) rose an ever-so-slight 0.01% on a seasonally adjusted basis, and is down 3.04% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10) fell by 0.09% on the...
28Jun2011 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway’s Buffett Closes Wesco Deal
Last Friday, Berkshire Hathaway Inc. (BRKA)(BRKB) chairman and chief executive officer Warren Buffett announced that the company had successfully acquired the remaining 20% of Wesco Financial Corp., a company run and controlled by Berkshire’s vice-chairman Charles T. Munger. Wesco...
27Jun2011 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway Cuts Wesco Financial Offer
Yesterday, Warren Buffett, the chairman and chief executive officer of conglomerate Berkshire Hathaway Inc. (BRKA) (BRKB) renegotiated the offering price to Wesco Financial Corp. (WSC) at $385.00 per share in cash. This is the third time that the price has been adjusted. In February...
26Jun2011 | vitalstocks | 0 comments | Continued(DHI) New Homes Sales Down Less than Expected
New Home Sales in May fell by 2.1% from April, to a rate of 319,000. Relative to a year ago, sales are up 13.5%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales. Offsetting the decline was an upward revision to the April numbers of 3,000...
23Jun2011 | vitalstocks | 0 comments | Continued(SHW) U.S. Used Home Sales – Prices Fall
In May, Existing Home Sales ran at a seasonally adjusted annual rate of 4.81 million. That pace is 3.1% lower than in April, and 15.3% below the year-ago rate. The year-ago numbers were somewhat inflated due to the end of the homebuyer tax credit. The April sales rate was slightly...
21Jun2011 | vitalstocks | 0 comments | Continued(L) Loews Analyst Maintains Neutral on Shares
We are retaining our Neutral rating on Loews Corporation (L), as the company’s performance was weighed down by Lower earnings at Diamond Offshore reflecting reduced day rates and utilization coupled with slightly lower earnings at CNA Financial Corporation. Loews Corporation...
16Jun2011 | vitalstocks | 0 comments | Continued(DHI) New Home Sales Report Up But Still Ugly
New Home Sales in April rose by 7.3% from April, to a rate of 323,000. Relative to a year ago, sales are down 23.1%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales. In additional good news about the direction of new home sales, the March...
1Jun2011 | vitalstocks | 0 comments | Continued(SHW) Used Home Sales Down – Inventories Up
In April, Existing Home Sales ran at a seasonally adjusted annual rate of 5.05 million. That pace is 0.8% lower than in March, and 12.9% below the year-ago rate. The year-ago numbers were somewhat inflated due to the end of the homebuyer tax credit. The April sales rate was below...
28May2011 | vitalstocks | 0 comments | Continued(DHI) Home Prices Still Falling
In February, home prices continued to slip, and the declines were widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.23% on a seasonally adjusted basis, and is down 2.60% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10)...
1May2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Quarterly Earnings Rock on Low Catastrophe Losses
Allstate Corporation’s (ALL) first quarter operating earnings of 93 cents per share came in substantially ahead of the Zacks Consensus Estimate of 68 cents and 69 cents per share recorded in the year-ago quarter. Results for the quarter improved primarily due to reduction in...
29Apr2011 | vitalstocks | 0 comments | Continued(DHI) U.S. New Home Sales Better – Levels Are Still Bad
New Home Sales in March rose by 11.1% from March, to a rate of 300,000. Relative to a year ago, sales are down 21.9%. While the rebound is more than welcome, it is still a very dismal rate of new home sales. In additional good news about the direction of new home sales, the February...
26Apr2011 | vitalstocks | 0 comments | Continued(DHI) U.S. New Housing Starts and Permits Rise
Housing Starts rose in March to a seasonally adjusted annual rate of 549,000 from 512,000 in February, an increase of 7.2%. Also, the February numbers were revised sharply higher from 479,000, so it is possible to see the increase as 70,000, or 14.6%. Relative to a year ago they...
23Apr2011 | vitalstocks | 0 comments | Continued(SHW) U.S. Home Reseale Report Better than Expected
In March, Existing Home Sales ran at a seasonally adjusted annual rate of 5.10 million. That pace is 3.7% higher than in February, but 6.3% below the year-ago rate. The March sales rate was above consensus expectations of a 5.00 million annual rate. February was revised up from...
22Apr2011 | vitalstocks | 0 comments | Continued