Wednesday, October 02, 2013

Recent Purchases of Warren Buffett's Berkshire Hathaway

Recently, the Forbes 400 issue hit the newsstands and mailboxes, reporting that Warren Buffett, head of Berkshire Hathaway (BRK-A) (BRK-B), is the second richest person in America, with a net worth of $58.5 billion. (Bill Gates, founder of Microsoft (MSFT) was in first place.)

When Warren Buffett invests, investors listen. Many investors like to follow in Warren Buffett's footsteps. The way to do that is to see what Buffett is buying. During the second quarter of this year, Buffett's Berkshire Hathaway made only two purchases, Suncor Energy (SU) and Dish Network (DISH).

Dish Network is a provider of direct broadcast satellite subscription television services. The stock trades at 85 times trailing earnings and 24 times forward earnings. The company generated earnings of 56 cents a share for the latest reported quarter, versus a loss for the same quarter a year ago. Revenues for the latest quarter were up 1.0%. The next earnings announcement is November 4. It has $9.53 billion in cash, which works out to over $20 in cash per share. However, the company does carry debt in the amount of $14.17 billion.

Suncor is a Calgary, Alberta, Canada based integrated energy company which targets petroleum reserves in the Athabasca oil sands. The stock trades at eleven times forward earnings and 1.37 times sales. The stock yields 2.2% and has increased its dividend paid out each year since 2008.

If you want to access a free list of all of Warren Buffett's Berkshire Hathaway, you can get it at

 Disclosure: Author didn't own any of the above at the time the article was written.


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