Buffett makes a buy
I'm traveling this week unexpectedly so won't be posting much, but I didnote that Berkshire Hathaway made an acquisition today that caught my eyewhen they bought the closely held Business Wire.
Business Wire isone of a few companies that issue all those thousands of press releases forinvestors that we all see every day. What I found especially interestingwas that Warren Buffett, who seemingly has issued fewer than ten press releasesin his entire life, is now owner of a company that thrives on those veryreleases. I guess he can see where the money is, even if he disagrees withthe system.
I don't expect this little business will make much impactto the bottom line of Berkshire, but it's interesting to see nonetheless-- and it's certainly an easy to understand business that makes money despitethe new technology impacting it's environment.
Have a great week, everyone. I'll be catching up on all the news and analysis soon, I hope.
Business Wire isone of a few companies that issue all those thousands of press releases forinvestors that we all see every day. What I found especially interestingwas that Warren Buffett, who seemingly has issued fewer than ten press releasesin his entire life, is now owner of a company that thrives on those veryreleases. I guess he can see where the money is, even if he disagrees withthe system.
I don't expect this little business will make much impactto the bottom line of Berkshire, but it's interesting to see nonetheless-- and it's certainly an easy to understand business that makes money despitethe new technology impacting it's environment.
Have a great week, everyone. I'll be catching up on all the news and analysis soon, I hope.
Labels: BRKB
This article posted by One Guy @ 1/17/2006 01:09:00 PM 0 comments
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