Berkshire Hathaway is tanking and was down nearly $3 from the high this morning. Does somebody hear Bill and Melinda's footsteps? This would be an opportune time for them to sell some shares. That is part of the reason I decided to exit the position this morning.
16 comments:
You think Melinda Gates is hot?
I remember reading an article about her and her quote was "so he's got a lot of money, so what?""
hahahahah.
That was when she was first dating him.
Sold GY @ 3.91
OL DAWG
you are a monster.
Yo Tsachy
Sold 1/2 of JTX @ 2.35
Keeping the other 1/2 till 2.50
(knock on wood)
Ol DAWG
Im in it to win it.
Did you average down like me?
Let me tell you, there are a ton of people that are REALLY NEGATIVE ABOUT THIS STOCK.
I"m skeptical whether this can go above 2.50 in the short run.
A lot of people think the world is gonna end for this stock.
I'll be honest there is a chance this company has negative earnings this tax year.
They never had that before.
I fortunately averaged down so I made money on this.
Just my 2 cents
And I apologize for the bad buy in this at 2.33
I messed up by buying way too early. Another lesson learned.
Round numbers round numbers.
I blew my wad on the initial buy. Im playing with peanuts though. I used up whatever free money I had in my retirement account.
Alright just letting you know from my POV. I have researched this company very heavily this past week.
Thanks. Any chance of bankruptcy in the near future? buyout?
Well the shorts who have been basically quiet the last couple of days are saying all kinds of things.
All of what you mentioned are amongst the chatter.
The company does around 250 mln a year in revenue and 20 to 30 mln per year in net income.
Right now the market cap is 60 mln.
They lost half the funding for refund anticipation loans because their partner bank SBBT was forced to stop doing that by the TARP oversight committee.
My calculations suggest around a 25 mln dollar hit to EBITDA.
Most of this is going to affect the net income.
There's a chance it can be negative net income for 2010 fiscal year. They report in March 2011.
I doubt they will go bankrupt. Not sure about being taken over.
They just started putting their stores in Walmart, so people even speculate that WMT can buy them out.
I just think it deserves to trade more than 60 mln mkt cap.
Thanks. It seems like there should be banks lining up to replace them.
Yeah but that's not happening supposedly according to the shorts because the RAL is a highly regulated industry.
I don't really understand it myself but so far HSBC does it for HR Block.
My guess is that JTX finds someone to replace SBBT or SBBT signs back on with them once they repay back tarp.
anyways I sold more @ 2.41
Ol DAWG
Thanks, Dawg. I got out earlier for a smaller profit. Should've waited for your sell signal.
YOU GO GURL.
YOU HAD A GREAT ENTRY THOUGH.
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