เดินตามปู่หมาไม่กัด
ปู่ขายแอร์ไลน์ทิ้งหมดพอร์ต
ยังไม่ซื้อหุ้นเพิ่ม
ถือเงินสดกองใหญ่กว่า Q4
https://www.investors.com/news/warren-buffett-berkshire-hathaway-annual-meeting-2020/?src=A00220&yptr=yahoo
Berkshire Hathaway (BRKB) added further to its mountain of cash as CEO Warren Buffett sold off stock holdings and avoided bargain hunting in the aftermath of the coronavirus market crash.
By the end of Q1, Berkshire's cash pile had swelled to a fresh record high of $137 billion from $128 billion at the end of Q4.
That cash hoard has grown even bigger since the end of the quarter. The conglomerate disclosed $6.1 billion of net equities sales in April alone, following $1.8 billion in net Q1 purchases.
Berkshire also slowed stock repurchases to $1.7 billion in Q1 from $2.2 billion in Q4, and posted a net loss of $49.7 billion, led by $55.5 billion in paper losses in the stock portfolio.
The results coincide with Berkshire's annual shareholder meeting this weekend. But this year's "Woodstock for Capitalists" is bereft of crowds, after Berkshire took the event online-only, citing the coronavirus health threat.
Hopes had been high that Buffett, who loves bargains, would make a big acquisition and deploy more of its cash, as he did during the 2008 financial crash.
The market sell-off in Q1 boosted the case for Berkshire Hathaway to acquire companies at the "sensible prices" Berkshire looks for, Morgan Stanley analyst Michael Phillips wrote April 2.
Warren Buffett Right-Hand Man Backs Liquidity
Berkshire's last big deal was its $37 billion Precision Castparts purchase in 2016. Before the coronavirus stock market crash, Buffett had complained that "sky high" prices hamstrung his hopes for an "elephant sized" acquisition. But low prices now still weren't enough to get him off the sidelines.
Prior to the release of Q1 results, Vice Chair Charlie Munger offered some insight into the company's stance on purchases.
"We just want to get through the typhoon, and we'd rather come out of it with a whole lot of liquidity," he told the Wall Street Journal last month. "We're not playing, 'Oh goody, goody, everything's going to hell, let's plunge 100% of the reserves (into buying businesses).' "
Berkshire could still "do something pretty aggressive or seize some opportunity," Munger added. Still, he warned, "Everybody's just frozen. And the phone is not ringing off the hook."
Warren Buffett Stock Buys Flop
In the immediate aftermath of the market crash, Buffett bought nearly a million more Delta Air Lines (DAL) shares, as the coronavirus infected airline stocks.
But a few weeks later, Berkshire Hathaway sold millions of shares of Delta Air Lines and Southwest Airlines (LUV). Berkshire also owns United Airlines (UAL) and American Airlines (AAL).
A regulatory filing with a fuller accounting of which stocks Warren Buffett bought, held and sold in Q1 should come within days of the annual meeting. Many investors closely track the stock portfolio for inspiration, and it's a big driver of Berkshire's results.
Berkshire Hathaway Stock Lagging
Berkshire Hathaway's class B stock eased 2.5% to 182.67 on the stock market Friday. Berkshire Hathaway stock is consolidating with a 231.71 buy point, but it's a long way from a breakout.
BRKB stock has been hitting resistance at the fast-falling 50-day moving average. The relative strength line remains near its lowest levels since at least the end of 2015. The RS line, which tracks a stock's performance vs. the S&P 500 index, has been trending lower since the end of 2018 and has been a big laggard during the current stock market rally.
ทั้งที่มีหุ้นราคาถูกมากมาย ปู่บัฟเฟตต์กลับเก็บสะสมเงินสด
ปู่ขายแอร์ไลน์ทิ้งหมดพอร์ต
ยังไม่ซื้อหุ้นเพิ่ม
ถือเงินสดกองใหญ่กว่า Q4
https://www.investors.com/news/warren-buffett-berkshire-hathaway-annual-meeting-2020/?src=A00220&yptr=yahoo
Berkshire Hathaway (BRKB) added further to its mountain of cash as CEO Warren Buffett sold off stock holdings and avoided bargain hunting in the aftermath of the coronavirus market crash.
By the end of Q1, Berkshire's cash pile had swelled to a fresh record high of $137 billion from $128 billion at the end of Q4.
That cash hoard has grown even bigger since the end of the quarter. The conglomerate disclosed $6.1 billion of net equities sales in April alone, following $1.8 billion in net Q1 purchases.
Berkshire also slowed stock repurchases to $1.7 billion in Q1 from $2.2 billion in Q4, and posted a net loss of $49.7 billion, led by $55.5 billion in paper losses in the stock portfolio.
The results coincide with Berkshire's annual shareholder meeting this weekend. But this year's "Woodstock for Capitalists" is bereft of crowds, after Berkshire took the event online-only, citing the coronavirus health threat.
Hopes had been high that Buffett, who loves bargains, would make a big acquisition and deploy more of its cash, as he did during the 2008 financial crash.
The market sell-off in Q1 boosted the case for Berkshire Hathaway to acquire companies at the "sensible prices" Berkshire looks for, Morgan Stanley analyst Michael Phillips wrote April 2.
Warren Buffett Right-Hand Man Backs Liquidity
Berkshire's last big deal was its $37 billion Precision Castparts purchase in 2016. Before the coronavirus stock market crash, Buffett had complained that "sky high" prices hamstrung his hopes for an "elephant sized" acquisition. But low prices now still weren't enough to get him off the sidelines.
Prior to the release of Q1 results, Vice Chair Charlie Munger offered some insight into the company's stance on purchases.
"We just want to get through the typhoon, and we'd rather come out of it with a whole lot of liquidity," he told the Wall Street Journal last month. "We're not playing, 'Oh goody, goody, everything's going to hell, let's plunge 100% of the reserves (into buying businesses).' "
Berkshire could still "do something pretty aggressive or seize some opportunity," Munger added. Still, he warned, "Everybody's just frozen. And the phone is not ringing off the hook."
Warren Buffett Stock Buys Flop
In the immediate aftermath of the market crash, Buffett bought nearly a million more Delta Air Lines (DAL) shares, as the coronavirus infected airline stocks.
But a few weeks later, Berkshire Hathaway sold millions of shares of Delta Air Lines and Southwest Airlines (LUV). Berkshire also owns United Airlines (UAL) and American Airlines (AAL).
A regulatory filing with a fuller accounting of which stocks Warren Buffett bought, held and sold in Q1 should come within days of the annual meeting. Many investors closely track the stock portfolio for inspiration, and it's a big driver of Berkshire's results.
Berkshire Hathaway Stock Lagging
Berkshire Hathaway's class B stock eased 2.5% to 182.67 on the stock market Friday. Berkshire Hathaway stock is consolidating with a 231.71 buy point, but it's a long way from a breakout.
BRKB stock has been hitting resistance at the fast-falling 50-day moving average. The relative strength line remains near its lowest levels since at least the end of 2015. The RS line, which tracks a stock's performance vs. the S&P 500 index, has been trending lower since the end of 2018 and has been a big laggard during the current stock market rally.