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MAKE MONEY BLOG$~New York - Warren Buffett's investment company, BerkshireHathaway, is still keen hunting stock. One is the stock of GeneralMotors (GM) that was purchased for U.S. $ 222 million (USD 2 trillion).
In his report to the Securities and Exchange Commission (SEC) said CNBC on Wednesday (5/16/2012), the company's second richest man in the world was buying 10 million GM shares atyesterday's closing price of U.S. $ 22.18.
GM shares rose quite high immediately after the transaction.Looking at a small enough amount, the shares were purchased byone of Berkshire's investment manager.
It could be a purchase made by Todd Combs or Ted Weschler, not by direct Buffet. Buffet also includes two new shares in its portfolio,and an additional portion of the seven other companies.
Berkshire also secretly continued to inject funds in variouscompanies during the first three months of this year. In his reportcontained the statement, "limited information has been reported, inseparate files."
That means, Buffett has been buying a lot of stock in various companies but do not want to step it imitated by other investors whotake advantage of price increases after the investment. Limited to a similar report last year Buffett also hide the transaction of U.S. $ 11million IBM shares.
(ang / dnl)
source: detik.com
please give me comments thanks
In his report to the Securities and Exchange Commission (SEC) said CNBC on Wednesday (5/16/2012), the company's second richest man in the world was buying 10 million GM shares atyesterday's closing price of U.S. $ 22.18.
GM shares rose quite high immediately after the transaction.Looking at a small enough amount, the shares were purchased byone of Berkshire's investment manager.
It could be a purchase made by Todd Combs or Ted Weschler, not by direct Buffet. Buffet also includes two new shares in its portfolio,and an additional portion of the seven other companies.
Berkshire also secretly continued to inject funds in variouscompanies during the first three months of this year. In his reportcontained the statement, "limited information has been reported, inseparate files."
That means, Buffett has been buying a lot of stock in various companies but do not want to step it imitated by other investors whotake advantage of price increases after the investment. Limited to a similar report last year Buffett also hide the transaction of U.S. $ 11million IBM shares.
(ang / dnl)
source: detik.com
please give me comments thanks
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