Buffett: "Was It Something I Said?"
While Berkshire Hathaway typically does pretty well following the company's annual meeting in Omaha, the stock has taken a hit since this year's gathering at the start of the month. After rallying 5.7% in the seven days leading up to the May 3rd meeting, BRK/A has since given it all back and then some, declining 8.87%. While the company did have a disappointing earnings release right before the meeting, Warren Buffett must be asking himself, "Was it something I said?" Actually, he's got about 62 billion reasons not to really care.
one thing that would be exxtremely worrying to me if i was a BRK.a shareholder is their new derivatives exposure. The have basically sold a few billion $'s worth of long term PUT options to insurance companies (it's in their balance sheet).
strange considering Mr Buffett calls derivatives weapons of mass destruction.
Posted by: alessandro | May 16, 2008 at 03:54 PM
Uhhhh who cares about the meeting, maybe it had something to do with their earnings and revenues missing expectations by a somewhat wide margin on the 4th?
Posted by: Timothy Sykes | May 18, 2008 at 11:09 PM