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Current DateTime: 01:11:53 30 Nov 2009
LinksList Documentid: 30078629
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Warren Buffett Watch

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Nov.17
9:56 PM ET
Monday, 17 Nov 2008
Berkshire Hathaway Shares Close Below $100,000 For First Time In Two Years

Berkshire Hathaway shares closed today below $100,000 each for first time in just over two years.
Shares of Warren Buffett's Berkshire Hathaway closed below $100,000 today (Monday) for the first time in just over two years.  The most recent sub-$100K close before today was on October 20, 2006.

Today's finish at $95,615 is a fresh two-year closing low.  The stock fell $5,385 today, a drop of 5.3 percent.  That's the biggest one-day point and percentage decline in three weeks, and the fourth biggest percentage drop of the year.

While Berkshire's Class A stock had traded in five-digit territory on Thursday and Friday, it recovered both days to close above $100K

Berkshire shares are down almost 36 percent from their December 10, 2007 all-time closing high of $149,200.  They were in the high $130s as recently as early October.

Berkshire has dropped 32.5 percent year-to-date, outperforming the benchmark S&P 500's 42.1 percent decline.

Berkshire PortfolioGo to Berkshire Hathaway Portfolio Tracker
Three of the four "bombs in Buffett's books", as designated earlier this year by short-seller Doug Kass, are outperforming both Berkshire and the S&P this year.

Coca-Cola is down 28.4 percent, Wells Fargo has dropped 7.8 percent, and Kraft Foods is off 19.4 percent.

American Express, however, is down 62.8 percent year-to-date.  A piece in Barron's over the weekend argued that the company is in better shape than its stock price, and speculated that Buffett could come to its rescue if things get really bad.

Current Berkshire stock prices:

Class A: [US;BRK.A  Loading...      ()   ]

Class B: [US;BRK.B  Loading...      ()   ]

Coca-Cola: [KO  Loading...      ()   ]

Wells Fargo: [WFC  Loading...      ()   ]

Kraft Foods: [KFT  Loading...      ()   ]

American Express: [AXP  Loading...      ()   ]

Questions?  Comments?  Email me at

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