Baseman initiates coverage on Warren Buffett's Berkshire Hathaway

Baseman

Lagging the SP 500 recently, Buffett, with his $140B war chest, is poised to capitalize.

Bank of America. Oxy Petroleum....Explosive earnings around the corner. Oh, and the Apple investment Buffett made? Yep.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiA6YGLi_3qAhXuITQIHfqsCbcQ0PADegQIBhAV&url=https://www.cnbc.com/2020/07/31/warren-buffetts-berkshire-hathaway-continues-to-buy-bank-of-america.html&usg=AOvVaw0i8KQ09u9xWn7N7bx8lzYf

https://www.berkshirehathaway.com/2019ar/2019ar.pdf

Baseman

Baseman said:

Lagging the SP 500 recently, Buffett, with his $140B war chest, is poised to capitalize.

Bank of America. Oxy Petroleum....Explosive earnings around the corner. Oh, and the Apple investment Buffett made? Yep.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiA6YGLi_3qAhXuITQIHfqsCbcQ0PADegQIBhAV&url=https://www.cnbc.com/2020/07/31/warren-buffetts-berkshire-hathaway-continues-to-buy-bank-of-america.html&usg=AOvVaw0i8KQ09u9xWn7N7bx8lzYf

https://www.berkshirehathaway.com/2019ar/2019ar.pdf

Not a strong buy but a nice little 20%+ gain in 7 months. The oracle has bought back more stock, look for a tangible book increase of 20%. Still undervalued for an exceptional franchise and Buffet has $140 billion ready for opportunity. Oh and those rising interest rates? Do the math on the impact of a half percentage point uptick on the 10 year has on the $190 billion insurance float. No more freebies.