General Electric

Buffet

GE to sell $3 bln in preferred stock to Berkshire Hathaway

Aktien snart på plus

innan

General Electric Co. shares fell as much as 10% Wednesday as one analyst tempered his expectations on the industrial conglomerate.

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

ja, nåt måste göras skrev jag... Och då slår Buffett till

This action does two things for GE investors," said Jeff Immelt, GE chief executive, in a statement. "First, it enhances our flexibility and allows us to execute on our liquidity plan even faster. Second, it gives us the opportunity to play offense in this market should conditions allow. In addition, we remain committed to the Triple A rating and in the recent market volatility, we continue to successfully meet our commercial paper needs." The offering is expected to be priced before U.S. markets open on Thursday. 

Aktien faller nu med 3,6%

Och man ska absolut inte tolka Buffet agerande på att vi har sett botten...  inte för mig i alla fall.. Glöm inte att Buffet ställer krav så han är vinnare t.o.m om GS eller GE försvinner...

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Buffett's stake will pay an annual 10 percent dividend and is callable after three years at a 10 percent premium, Fairfield, Connecticut-based GE said today in a statement. Buffett also gets warrants to buy $3 billion of common stock with a strike price of $22.25 a share for five years. 

mvh spx970 

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet

Who said Warren Buffett only gets sweetheart deals? As part of yesterday's announced investment in GE, Berkshire Hathaway (BRK/a) received warrants to buy $3 bln worth of stock at a price of $22.25. This was similar to the warrants BRK/a received to buy Goldman Sachs (GS) at $115. The only difference between the two warrants is that while the GS warrants have for the most part traded in the money, the GE warrants are already trading in the red, less than one day after the BRK/a announcement

mvh spx970

" Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful." Warren Buffet