Saturday, October 25, 2014
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Berkshire Hathaway stock tops $200,000

By
From page B11 | August 15, 2014 |

OMAHA, Neb. — Naysayers have been calling shares of Warren Buffett’s company overpriced for decades.

But Berkshire Hathaway Class A stock, which first topped $1,000 in 1983, on Thursday surpassed $200,000.

“Everybody has now been proven wrong on it,” said Andy Kilpatrick, who wrote “Of Permanent Value: The Story of Warren Buffett.”

Berkshire has long had the most expensive U.S. stock. Buffett never split Berkshire’s A shares, although he did create more affordable Class B shares in 1996 that now sell for nearly $135.

The stock has had its ups and downs. The Class A shares first hit six figures in October 2006 and peaked at $151,650 in December 2007, when the Great Recession began. They fell as low as $70,050 in March 2009.

On Thursday, they reached an all-time high of $202,454.99.

Berkshire Hathaway has come a long way since Buffett’s investment partnership started buying shares for $7 and $8 apiece in 1962. At that point, Berkshire was a New England textile company.

After 1969, Berkshire became Buffett’s investment vehicle and he used revenue from the textile firm to begin buying other companies such as National Indemnity insurance and See’s Candy.

Today, many of its more than 80 subsidiaries, which include insurance, utility, railroad and other businesses, are performing well. Berkshire employs more than 330,000 people and also has major investments in companies including Coca-Cola Co., IBM and Wells Fargo & Co. And Berkshire has more than $55 billion cash on hand that could be used for acquisitions.

Earlier this month, the Omaha-based company reported second-quarter profit of $6.4 billion, or $3,889 per Class A share.

“It is indeed a remarkable run,” Kilpatrick said.

Berkshire appears primed to continue growing, even if it will likely be at a slower rate than in the past because of the conglomerate’s huge size.

Buffett, who is turning 84 later this month, has amassed a fortune worth more than $65 billion from his Berkshire shares.

 

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

 
 
 
Optimist Club brings youth together for Halloween golf

By Amy Maginnis-Honey | From Page: A3

Cut-a-thon to help fight cancer, abuse

By Susan Hiland | From Page: A3

 
Fall Harvest Festival brings children back to school

By Susan Hiland | From Page: A3 | Gallery

School board candidates forum set next week

By Susan Winlow | From Page: A4

 
 
Staying active may prolong your life

By Scott Anderson | From Page: B8

 
Suisun City police log: Oct. 23, 2014

By Susan Hiland | From Page: A9

.

US / World

Suspect arrested in death of 2 California deputies

By The Associated Press | From Page: A1

 
KC-10 from Travis lands in Houston, smoke in cockpit

By The Associated Press | From Page: A3

Reagan astrologer, Joan Quigley, dies at 87

By The Associated Press | From Page: A4

 
Jury says castrated sex offender should be freed

By The Associated Press | From Page: A4

Remains belong to missing Virginia student

By The Associated Press | From Page: A5

 
Dallas nurse receives thanks, hug from Obama

By The Associated Press | From Page: A5, 2 Comments

School gunman was Homecoming prince, students say

By The Associated Press | From Page: A5, 1 Comment

 
Lava creeps toward road on Hawaii’s Big Island

By The Associated Press | From Page: A5

NY, NJ order Ebola quarantine for doctors, others

By The Associated Press | From Page: A9

 
Gunman in Canada attack complained about mosque

By The Associated Press | From Page: A10

Egypt declares emergency in northern Sinai

By The Associated Press | From Page: A10

 
Militant group said to be using chlorine bombs

By The Associated Press | From Page: A10, 1 Comment

Putin accuses US of undermining global stability

By The Associated Press | From Page: A10

 
.

Opinion

Return Garamendi to Congress

By Daily Republic | From Page: A8

 
Editorial Cartoons: Oct. 25, 2014

By Daily Republic Syndicated Content | From Page: A8

SEIU shouldn’t own Board of Supervisors

By Letter to the Editor | From Page: A8, 2 Comments

 
Vote, and make a difference

By Letter to the Editor | From Page: A8

Yes on Measure A

By Letter to the Editor | From Page: A8

 
Spering best choice for county supervisor

By Daily Republic | From Page: A8

.

Living

Today in History: Oct. 25, 2014

By The Associated Press | From Page: A2

 
Community Calendar: Oct. 25, 2014

By Susan Hiland | From Page: A2

Horoscopes: Oct. 25, 2014

By Holiday Mathis | From Page: A7

 
My mother-in-law wants me to convert to Catholicism, but I don’t want to

By Kathy Mitchell and Marcy Sugar | From Page: A7

Hello Kitty turning 40, and the birthday bash will be ‘supercute’

By Mcclatchy-Tribune News Service | From Page: B8

 
.

Entertainment

TLC cancels its ‘Honey Boo Boo’ series

By The Associated Press | From Page: B9

 
P.D. James’ riff on Jane Austen comes to TV

By The Associated Press | From Page: B9

TVGrid

By Daily Republic Syndicated Content | From Page: B9

 
.

Sports

Vintage rolls past Armijo, 55-8

By Mike Corpos | From Page: B1

 
Mustangs fall flat in rout by Wildcats

By Marcus Lomtong | From Page: B1, 1 Comment

Royals beat Giants 3-2 for 2-1 World Series lead

By The Associated Press | From Page: B1 | Gallery

 
Vargas to take on Vogelsong in Game 4 of Series

By The Associated Press | From Page: B1 | Gallery

Falcons hang with Wolves in 34-8 setback

By Paul Farmer | From Page: B1 | Gallery

 
Hamilton helps Vanden sink Vallejo, 35-0

By Nick DeCicco | From Page: B1

Unfazed, 49ers coach Jim Harbaugh doing it his way

By The Associated Press | From Page: B2

 
Lloyd leads US women past Mexico 3-0

By The Associated Press | From Page: B2

Raiders’ Woodley, Young expected to be placed on IR

By The Associated Press | From Page: B2

 
Henley’s putting gets him lead at Sea Island

By The Associated Press | From Page: B2

Judge halts New Jersey’s sports betting plan

By The Associated Press | From Page: B2

 
Joe Maddon exercises opt-out, won’t return to Rays

By The Associated Press | From Page: B2

Jamie McMurray bests Chase drivers to win pole

By The Associated Press | From Page: B2 | Gallery

 
Attorney: NFL, Ravens not helping union in Rice probe

By The Associated Press | From Page: B2

SCC women’s soccer team falls to Mendocino 3-1

By Daily Republic staff | From Page: B2

 
This date in sports history for Saturday, Oct. 25, 2014

By The Associated Press | From Page: B3

 
.

Business

US official: Auto safety agency under review

By The Associated Press | From Page: B4

 
Ford profit falls in third quarter on truck costs

By The Associated Press | From Page: B4

Procter & Gamble taking out its batteries

By The Associated Press | From Page: B4

 
UPS expects double-digit surge in Dec shipments

By The Associated Press | From Page: B4

US new-home sales close to flat in September

By The Associated Press | From Page: B4

 
.

Obituaries

Melvin Tate

By Nancy Green | From Page: A4

 
Mark Dean Lindsay

By Nancy Green | From Page: A4, 1 Comment

Dr. Robert M. Takamoto

By Nancy Green | From Page: A4

 
.

Comics

Baby Blues

By Daily Republic Syndicated Content | From Page: A6

 
Frank and Ernest

By Daily Republic Syndicated Content | From Page: A6

Sally Forth

By Daily Republic Syndicated Content | From Page: A6

 
Wizard of Id

By Daily Republic Syndicated Content | From Page: A6

Blondie

By Daily Republic Syndicated Content | From Page: A6

 
Zits

By Daily Republic Syndicated Content | From Page: A6

For Better or Worse

By Daily Republic Syndicated Content | From Page: A6

 
Peanuts

By Daily Republic Syndicated Content | From Page: A6

Pickles

By Daily Republic Syndicated Content | From Page: A6

 
Beetle Bailey

By Daily Republic Syndicated Content | From Page: A6

B.C.

By Daily Republic Syndicated Content | From Page: A6

 
Dilbert

By Daily Republic Syndicated Content | From Page: A6

Get Fuzzy

By Daily Republic Syndicated Content | From Page: A6

 
Rose is Rose

By Daily Republic Syndicated Content | From Page: A6

Garfield

By Daily Republic Syndicated Content | From Page: A6

 
Baldo

By Daily Republic Syndicated Content | From Page: A6

Bridge

By Daily Republic Syndicated Content | From Page: A7

 
Sudoku

By Daily Republic Syndicated Content | From Page: A7

Word Sleuth

By Daily Republic Syndicated Content | From Page: A7

 
Cryptoquote

By Daily Republic Syndicated Content | From Page: A7

Crossword

By Daily Republic Syndicated Content | From Page: A7

 
.

Home Seller 10/25/14

Real estate transactions for Oct. 25, 2014

By Daily Republic | From Page: HSR2