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Re: berkshire becomes largest bac stockholderWarren wasn't owed 5 billion,, he bought 5 billion dollars worth of preferred shares, at the time BAC needed money,, lots of it,, no bank was lending,,, so in steps Berkshire, $7.14 was probably the price of the stock at the time of the deal this can be checked out,,, I like you want the dividends,, and hope there will be another 50% increase next year. again the economy has to co-operate and the bank has to earn money. again remember that Berkshires ownership % will increase as overall shares are reduced by future buybacks. Berkshire also has a sizeable stake in Merrill thru BAC ownership... lets not lose that thought,, I am sure it will come into play in the future and the 12 billion he made today is chump change.... |
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