Nov
09
Buffett’s $1 Billion Purchase That Got Buried in Record Quarter
By-
Price tag for GE’s tank cars highlights Berkshire’s size
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Analysts say scale makes it harder to evaluate company
Here’s how big Berkshire Hathaway Inc. has gotten: At the end of the third quarter, a subsidiary of one of its subsidiaries bought some 25,000 tank cars from General Electric Co. and didn’t bother disclosing the purchase price.
Turns out it paid about $1 billion.
Investors could be excused for missing that tidbit. It was tucked deep in Berkshire’s quarterly report released late Friday, outlining results at Warren Buffett’s sprawling conglomerate. That the price tag could be buried highlights a frequent complaint from the analysts trying to make sense of the company’s insurance units, electric utilities, manufacturers, retailers and railroad…
Buffett’s $1 Billion Purchase That Got Buried in Record Quarter
