Warren Buffett Watch
- Warren Buffett's Berkshire Hathaway Adds GM to Holdings
- Lunch With Warren Buffett: $2 Million-Plus?
- Warren Buffett: Lady Di Called Bill Clinton 'Sexiest Man Alive'
- CNBC Transcript: Warren Buffett on Squawk Box
- Warren Buffett: We're Buying Two US Stocks
- Warren Buffett to CNBC: Mark Zuckerberg Right to Keep Tight Control Over Facebook
- Warren Buffett: Apple and Google Too Risky For Me
- Warren Buffett Reassures Shareholders on Cancer and Succession
- Warren Buffett Recently Considered $22 Billion Acquisition
- Warren Buffett 'Very Comfortable' With Berkshire Stock Buybacks
RSS FEED
MOST SHARED
- Public Pensions Faulted for Bets on Rosy Returns
- Greece to Leave Euro Zone on June 18: Wealth Manager
- Banks Recapitalization Is a 'Necessary Evil': Strategist
- Winemaking Lures the Wealthy, But Not With Profits
- Italy 2-Year Borrowing Costs at Peak Since December
- Euro Rallies as Greece's Pro-Bailout Parties Gain Favor
- European Firms Plan for Greek Unrest and Euro Exit
- Will the Euro Misery Give Rise to Another Soros?
- Olive Oil Price Dip Adds to European Woes
- Europe’s Stronger Powers Must Reveal Plans: Ex-BoE Official
- A New Look at the ‘New Poor’
- Six Pack: Beer Buzz of the Week
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Yoshikami: Four Things You Need to Know About Gold Now
- Steinbock: The Euro Zone Endgame Begins
- Option Bulls Take Another Shot on Idenix
- European Companies Plan for Greek Unrest and Euro Exit
- Public Pensions Faulted for Bets on Rosy Returns
- Will the Euro Misery Give Rise to Another Soros?
- Greece to Leave Euro Zone on June 18: Wealth Manager
- Italy 2-Year Borrowing Costs at Peak Since December
- Euro Bond Wins Supporters, but Details Remain Vague
- German, UK Bond Yields Will Go Even Lower
- Labor Board Member Resigns Over Leak to GOP Allies
- Banks Recapitalization Is a 'Necessary Evil': Strategist
Warren Buffett Wearing "Belt and Suspenders" As Tide Went Out - KBW Analyst
Text Size 
Executive Producer
 |
In a glowing report on Berkshire Hathaway today from a stock analyst, the other side of the tide:
"Paraphrasing a Buffett analogy, the tide has gone out and Berkshire is not just wearing shorts, but a belt and suspenders in the form of financial strength and quality operating businesses."
Cliff Gallant at Keefe, Bruyette & Woods has started coverage of Berkshire's Class A with an "outperform" rating. His stock price target is $107,000. That offers about a "25% potential upside, which includes no Buffett premium."
Current price: [US;BRK.A
Loading...
()
]
Gallant calls Berkshire "a myriad collection of high quality businesses, particularly in insurance and reinsurance, with attractive long-term growth prospects." He especially likes GEICO, saying it "may have the best business model in the insurance world today."
While noting that while Berkshire has suffered some setbacks from its derivatives positions, the global crisis has left Buffett's company "standing tall as one of the world's few financially sound institutions." Gallant says $25 billion in cash, along with little debt and low leverage ratios, give Berkshire "one of the world's strongest balance sheets."
UPDATE: Gallant was interviewed live by Melissa Lee and the CNBC Fast Money traders today, Monday. Here's the clip.
Current Berkshire stock prices:
Class A: [US;BRK.A
Loading...
()
]
Class B: [US;BRK.B
Loading...
()
]
For more Buffett Watch updates follow alexcrippen on Twitter.
Email comments to
- Warren Buffett Charity Lunch Brings In Almost $1.7 Million From Anonymous Bidder (June 26)
- Strong Bidding for Warren Buffett Lunch In Last Day of Charity Auction (June 26)
- Warren Buffett Doesn't See Green Shoots: Download the Complete CNBC Transcript (June 25)
- TRANSCRIPT: Warren Buffett's Live Lunch Interview on CNBC (June 24)
- Warren Buffett: Apple Withheld "Material Fact" On Steve Jobs Health (June 24)
Data is a real-time snapshot *Data is delayed at least 15 minutes
