When Pfizer Inc. (PFE) unveiled a $68 billion buyout offer for U.S. rival Wyeth (WYE) last week, it sparked hopes that the deal might re-ignite the moribund merger market. But when the Wall Street dealmakers take a closer look, those flames will likely be doused in cold water.
HP Beats 4Q Forecasts; Carrefour Milks New CEO From Nestle; InBev Officially Closes Anheuser Buy; Home Depot Beats 3Q Estimate; Gulf Bank Loses $1.4 Billion; Mexican Tycoon Interested in Circuit City; Wholesale Prices Plummet
When Anheuser-Busch Cos. Inc. (NYSE:BUD) shareholders voted to be acquired by Brussels-based InBev N.V./S.A, it affirmed a long-term strategy to penetrate the emerging markets that have long eluded the American giant.
General Growth Properties Facing Bankruptcy; Macy’s Cut Capital Spending 45%; Oil Futures Dip; China Retail Sales Soar; Yum Restructures; AB Shareholders Approve InBev Merger
Investing icon Warren Buffett took his own advice Tuesday – getting “greedy when others are fearful” – when he ignored the banking-sector bonfire and slapped down a cool $5 billion for a stake in Goldman Sachs Group Inc. (GS). By literally putting his money where his mouth is, Buffett’s actions – and reputation as a shrewd bargain hunter – restored some of Goldman’s luster and helped bolster investor confidence in the U.S. banking system.
Even the most savvy investors have been stung by this year’s equity meltdown. Warren Buffett’s investment vehicle, Berkshire Hathaway (NYSE:BRK.A, BRK.B), is down 24% from its peak in December 2007.
Alexander Green says BRK’s drop creates an outstanding buying opportunity. Buffett has an unrivaled track record as an investor. He has always followed a disciplined value-based strategy. And this still holds true today.
BRK.B shares are trading at $3,860, down from a 52-week high of $5,059. This makes them a no-brainer buy right now.
With the stock market in turmoil, it’s a good time to check in on what Warren Buffett is doing with his portfolio. Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A, BRK.B) has struggled in the first half of the year. Money Morning’s Jason Simpkins says $3.5 billion of Berkshire’s recent $4-billion shopping spree is still unaccounted for…
If you want to invest like Warren Buffett, you have to think very small says Jim Nelson in Penny Sleuth.
Buffett’s investment vehicle, Berkshire Hathaway (NYSE:BKR.A), made its best gains in the ’70s and ’80s, when its tight budget meant it could only investment in small-caps. It is much easier to make huge gains when starting from a low base.
Berkshire now deals with the world’s largest organizations. The next Buffett will be investing in today’s penny stocks. More from Jim…
With Americans driving less and banks tightening the screw, Detroit’s “Big Three” — Ford, GM and Chrysler, could be the next big bailout. “Life is a highway, and I wanna drive it all night long…” - Tom Cochrane
The economic calendar is light in number this week, but it is not without important reports to point out. Christian Hill in Investor’s Daily Edge has the details…