I don't think so. The stock is up slightly today on the news. Of course, I have no idea where the stock will be trading at then.
BRK.B 50-to-1 Split
Berkshire Hathaway announced that a 50-to-1 split of their b-class shares will occur to accommodate the shareholders of Burlington Northern. This means the stock will be trading at around $66.
I suspect this will drive retail investors (aka Warren Wannabes) wild and will drive the post-split price higher based little on fundamentals.
Any thoughts?
I suspect this will drive retail investors (aka Warren Wannabes) wild and will drive the post-split price higher based little on fundamentals.
Any thoughts?
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This was a very annoying development for me.
I wonder if they'll continue to try to keep the value at roughly 1/1500th of class A shares? (I read somewhere that they currently keep class B shares within 2% of 1/30th of class A shares.)
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I see the takeover as a vote of confidence in US economy (it should sound scary to the doom and gloom crowds). If I was investing in individual stocks, I would load on BRK.B.
I didn't know about this. That's interesting.I wonder if they'll continue to try to keep the value at roughly 1/1500th of class A shares? (I read somewhere that they currently keep class B shares within 2% of 1/30th of class A shares.)
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Imagine trying to get a ticket to the shareholders meeting when anyone with $70 can buy in
Disaster. This sucks.Imagine trying to get a ticket to the shareholders meeting when anyone with $70 can buy in
I'm not sure why you don't like this Rickson. Why?
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