- Warren Buffett: Why Fight When You Can Take the Money And Run?
- Taking On Dr. Doom: Warren Buffett's 'Buy and Hold' Strategy Is Alive and Well
- Berkshire Hathaway Shares Bounce Back Above $100,000
- Buffett's Bank Bets "Paying Off" - Bloomberg
- Warren Buffett Tops Business Week's Ranking of American Philanthropists
- Warren Buffett Promises More Info On Berkshire's Derivatives In Annual Report
- Barron's: Berkshire Hathaway's Stock Price Plunge Finally Makes It "Cheap" Again
- Berkshire Hathaway Bounces Back By 16% For Best Day In Decades
- Berkshire Hathaway Subsidiary Keeps Coachmen Alive By Acquiring RV Business
- USG Shares Soar On Warren Buffett's "Expression of Confidence"
- Your First Move For Friday December 5th
- Web Extra: Fast & Furious Trades For Friday
- Bear Market Boot Camp, Pt. 2
- Fast Message - We Answer Your About T-Bills, Chesapeake Energy...
- Pops & Drops: Credit Suisse, Starbucks...
- It’s A Matter Of Trust
- When Will Hedge Funds Stop Selling
- Which Industries Will Drive Job Growth?
- Market Falls Before Jobs Report
- Job Cuts Picking Up Steam Just in Time for Holidays
- Pros Say: Bear Market Rallies = New Reality
- CEOs Sound Off: Budget Deficit, Bailouts & More
- Bernanke: 'More Needs To Be Done' on Foreclosures
- Bernanke's Speech on Housing and Foreclosures
- With Saturn, G.M. Failed a Makeover
- Toll Loss Narrows, but Warns on Revenue
- Factory Orders Drop More Than Expected in October
- Long-Dated Notes Up on Monetary Easing
Text Size 
 |
The class A shares closed exactly 25 percent below the all-time high set last December.
Today's closing price of $111,900 each is the lowest for the stock since August 15, almost one year ago.
Berkshire is down 21.0 percent in 2008, underperforming the benchmark S&P 500 stock index, which has dropped 15.9 percent this year.
 |
While Doug Kass, who has been vocally shorting Berkshire over the last few months, is presumably celebrating, some long-time Buffett bulls see an increasingly ripe buying opportunity.
This morning on CNBC's Squawk Box, two of them made their case in a segment with Carl Quintanilla.
Andrew Kilpatrick, who wrote the Buffett book Of Permanent Value, concedes that Berkshire is having a "tough year" amid weakness in the housing and insurance markets. But he expects Buffett "will wind up doing better than most" due to the strength of his balance sheet.
Whitney Tilson, of T2 Partners, argues that while there are "short-term headwinds", Buffett will be able to take advantage of the current "weak and choatic" environment. He sees a substantial increase in the liklihood Buffett will use his big cash holdings to do a "transformative" deal. While Tilson would like to see Berkshire buy American Express [AXP
Loading...
()
] outright, he doesn't think that particular deal is likely.
Current Berkshire stock prices:
Class A: [US;BRK.A
Loading...
()
]
Class B: [US;BRK.B
Loading...
()
]
Questions? Comments? Email me at
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes