February 5, 2012

Posts Comments

You are here: Home / Archives for stock repurchase plans

Berkshire Hathaway Board of Directors Approves Share Repurchase Plan

September 28, 2011 By Leave a Comment
Berkshire Hathaway Share Repurchase and Stock Repurchase Plan

I've made no secret of the fact I've been a net purchaser of Berkshire Hathaway shares for the past year.  The valuation seemed (and still seems) absurdly low relative to intrinsic value.  Apparently, the Berkshire Hathaway Board of Directors and management agrees.1  The company is now looking at itself as the best use of the firm's cash. To the point, a few days ago, The Board of Directors of Berkshire Hathaway announced that the company may repurchase its own stock at any time the share … [Read more...]

Filed Under: Stocks Tagged With: , , ,

Thanks a Lot, Greece … Bought Some More Berkshire Hathaway

May 4, 2010 By Leave a Comment

As a result of the Greece debt crisis, stocks crashed today.  The accounts are down roughly 3% to 4% and it's only noon in the Midwest. We went back for another round, purchasing more shares of Berkshire Hathaway this morning for the reserve portfolio, which comes on the heels of our acquisition last Friday.  I'm going to be genuinely surprised if 10 to 15 years from now, when/if Buffett is gone (God willing, that won't happen for a long time), the company hasn't gone into full maturity … [Read more...]

Filed Under: My Businesses Tagged With: , , , ,

Some Changes in the Portfolio

March 25, 2010 By Leave a Comment

Aaron and I are wrapping up all of the tax documents for fiscal 2009 before shipping them off to the accountants, listening to the new Goldfrapp album, and tweaking the investment portfolio a bit. I liquidated a respectable portion of the LEAP stock options we bought on General Electric during the crash now that it is approaching $19 per share, or at least was during today's trading session.  The time premium was no longer adequately reflecting the risk, in my opinion, especially relative to … [Read more...]

Filed Under: My Businesses Tagged With: , , , , , , , , ,

Our Value Investing Research Process for Stocks

March 8, 2010 By Leave a Comment
Analyzing Sonic Restaurant Investment Reports Regarding Share Buy Backs

A week or two ago, I wrote an article called Understanding Stock Repurchase Plans for About.com, a division of The New York Times, which discussed Sonic Restaurant and the massive stock buy back program that had taken place over the past few years. In it, I walked the readers through a lot of the math and explained that I had purchased a couple hundred shares to watch and monitor the stock through one of my companies, Mount Olympus Awards, LLC.  (I've since increased it to about 500 shares … [Read more...]

Filed Under: My Businesses, Value Investing Tagged With: , , , , , , , , , , , , , , , , , , ,

Eggs Benedict with Hollandaise Sauce for Breakfast

February 13, 2010 By 2 Comments
Eggs Benedict for Breakfast

During Ashly and Ian's visit from Ohio this weekend, and as part of our weekend of gourmet dining, they made us eggs benedict with a hollandaise sauce on Saturday morning.  The nutritional sacrifice was worth it (health food, this is most certainly not but 1,000 calories was a small price to pay). The eggs benedict recipe consisted of two English muffins covered with poached eggs, Canadian bacon, and hollandaise sauce.  Frankly, I don't know the details of how they prepared it because I was … [Read more...]

Filed Under: Gourmet Food Tagged With: , , , , , , , , , , , ,