Buffett interested in adding to Apple holding at right price
07 May, 2018, 16:24 | Author: Sara Gill
"I'm thrilled to see them re-purchasing stocks", Buffett advised Berkshire shareholders at the conglomerate's annual assembly.
As is the case with all his investments, Buffett said he's looking at the long term and wasn't particularly anxious about whether Apple would hit various sales targets in the first quarter.
"It's going to get worse, not better", CNBC quoted Buffett as saying at the company's annual meeting held at Omaha city in the USA state of Nebraska late on Saturday.
Buffett explained that he invested in Apple because he "came to certain conclusions about the value with which the capital was being deployed and about the ecosystem".
He said he would much rather have Berkshire's pile of cash and equivalents be $30 billion (22.2 billion pounds), rather than the $108.6 billion it was at the end of March, but good deals have not emerged.
During the quarter, Buffett's insurance and reinsurance businesses added another $2 billion of premium float, taking the total pot at Berkshire Hathaway to a new high of $116 billion.
Warren Buffett mentioned he would be glad if his conglomerate Berkshire Hathaway owned more than 5 percentage of Apple's stock, for example if the i-phone manufacturer bought straight back of its own shares.
Buffett called Apple an "unbelievable company", and pointed out that it makes far more profit than any other American corporation.
The shares closed up 3.9 percent at US$183.83 on Friday.
Charlie Munger, Berkshire's vice chairman and long-time Buffett collaborator, said during the meeting that trading in cryptocurrencies is "just dementia". Buffett said it was hard to find qualified women to lead companies because of what he termed a "pipeline problem". Pre-tax underwriting gains almost quadrupled, as it sold more policies despite having raised rates, while the rate of policyholder losses fell. "Yet the costs keep going up".
Leonnig, Shane Harris and Josh Dawsey of The Washington Post; and by Zeke Miller and Deb Riechmann of The Associated Press. Sanders issued a tweet in support of Haspel and rebuking her detractors on Capitol Hill late Saturday afternoon.
However, they said stationing of the US forces in the South may not be necessary if a peace treaty is signed between the Koreas. Kim, a South Korean-born USA citizen, has been held the longest. "But from the perspective of the U.S".
Donna, a basset hound, is one of the dogs that was saved by a National Police of Colombia (CNP) officer and his family. According to the New York Post , Elorza's arrest was in connection with a raid of a vet clinic he ran in Colombia.
A self-driving SUV operated by Waymo was involved in a collision in Chandler, Arizona, authorities said in a statement Friday. The accident occurred less than two months after a self-driving Uber SUV struck and killed a pedestrian in nearby Tempe.
Since Blake Wheeler scored two goals, he might not have nightmares about the wide open net he missed in the second period. The Nashville Predators are tied in a series with a team that many think is second-best in the National Hockey League .
At least 45 bodies were recovered from the fields of Birnin Gwari area of Kaduna province in northern Nigeria. Some bodies were mutilated. "Survivors of the attack mostly women are now at Doka district".
The report also found that, since August 2016, insurgents have expanded control over parts of the country by 4 percent. He added that this expansion was why the Taliban had not taken any district centers or provincial centers.
Witten was a leader in the locker room whose long term presence provided stability and direction for a team getting younger. He ranks fourth in receptions all time behind only Jerry Rice, Tony Gonzalez and Larry Fitzgerald .
It mentioned: "The fee seeks Carter's testimony to inquire about, amongst different issues, Carter's joint ventures with Iconix ". The SEC has been attempting to get Jay-Z to testify since November of a year ago in connection with its Iconix investigation.
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But Conway said during an interview with CNN's " State of the Union " that she is also not aware of any additional payments. That type of arrangement is " very common among celebrities and people of wealth", he said in a subsequent message.