Go Back   CityProfile.com Forum - Local City and State Discussion Forums > General Discussion > Off Topic
Click Here to Login

Reply
Old 02-26-2011, 12:14 PM  
mohel
 
blucher's Avatar

Keizer, OR
Join Date: Nov 2010
Posts: 4,383 | Kudos: +123
Images: 99
Warren Buffett: 2011 Looks Bright

HTML Code:
http://www.thestreet.com/story/11024524/1/warren-buffett-2011-looks-bright.html?cm_ven=GOOGLEN
Quote:
Buffett's annual results, released on Saturday morning, included fourth-quarter numbers that were impressive, led by recent railroad purchase Burlington Northern and derivatives gains of $1.4 billion. Net income increased 43% in the fourth quarter, year over year, and Buffett estimates in the annual letter that Berkshire's purchase of Burlington Northern will increase aftertax earnings by 30%. Burlington Northern added $1 billion to Berkshire Hathaway net earnings in the fourth quarter. Overall, net income was up 61% in 2010 for Berkshire.
Berkshire Hathaway's net income increased to $4.38 billion, or $2,656 per Class A share, in the fourth quarter, up from $3 billion, or $1,969 per Class A share, a year earlier. Book value, Buffett's preferred metric for charting company performance -- vs., for example, quarterly net income, which he lambastes in his new annual letter -- rose in the last three months of 2010 to $157.3 billion, from $149.7 billion on Sept. 30.
One key aspect of Buffett's optimism about the U.S. economy is tied to Berkshire's spending plans and his continued aggressive stance toward mega-acquisitions.
__________________

__________________
I'll believe corporations are persons when Texas executes one.: LBJ's Ghost
Reply With Quote
Old 02-26-2011, 12:17 PM  
Senior Member
 
havasu's Avatar

California
Join Date: Aug 2010
Posts: 5,747 | Kudos: +238
Images: 17
One man's losses is another man's gain.
Reply With Quote
Reply

Go Back   CityProfile.com Forum - Local City and State Discussion Forums > General Discussion > Off Topic
Bookmark this Page!

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes


Suggested Threads

Powered by vBadvanced CMPS v3.2.3

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.