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Warren Buffett: Warren Buffett's Berkshire Hathaway
built 606 days ago
Interesting news that Warren Buffett's Berkshire Hathaway has bought privately held Business Wire. There is more here than meets the eye, because Business Wire is poised to become much more than a distribution hub for press releases. Tags: Business Wire Blog posts 2006-01-18
On Thursday, Warren Buffett's Berkshire Hathaway announced it took a 132.4 million stake in Kraft Foods (KFT), making Berkshire the largest single shareholder. The stake was worth $4.32 billion as of Dec. 31. Berkshire ... revealed it owns 1.51 million American depositary receipts of GlaxoSmithKline (GSK), Europe's largest drug maker, valued at $76.1 million.
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Warren Buffett's Berkshire Hathaway (BRK.B) has disclosed a greater than 10% stake in Burlington Northern Santa Fe (BNI). Berkshire was still buying as late as Thursday, April 5th, 2007. This is Berkshire's largest recent investment - it has a market value of $3.2 billion.
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Since 2000, one corner of Buffett's Berkshire Hathaway Inc. (BRK ) empire has quietly built the nation's second-largest real estate brokerage operation. Minneapolis-based HomeServices of America Inc. -- a subsidiary of Berkshire-controlled Mid-American Energy Holdings -- now has 357 offices and more than 18,600 agents. Last year, annual revenue topped $1.75 billion, up 19%, on residential sales of $60 billion. Earnings rose 15%, to $130 million. Only Cendant Corp.'s (CD ) NRT Inc., which owns the Coldwell Banker and ERA chains, is bigger, with $205 billion in transactions and 999 offices. Despite its industry clout, HomeServices rates barely a mention in Berkshire's annual report.
Over the last 42 years (1965-2006), the book value of Buffett's Berkshire Hathaway has grown from $19 to $70,281 - 21.4% compounded annually. The overall gain for the time period is 361,156%, versus 6,479% for the S&P 500.
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