Berkshire Hathaway for $68? Sweet! (CNNMoney)


Posted in Business News by Admin - Nov 8, 2009

Stock splits don’t change the value of a company. But a lower share price for Warren Buffett’s firm (and other triple-digit stocks) could attract more investors

I don’t know about you, but I don’t have a spare $101,900 stuffed under my couch cushions to buy an “A” share of Warren Buffett’s Berkshire Hathaway. I probably could scrounge together $3,395 for one “B” share, but I would rather not.

However, the possibility of spending $1,000 to purchase 15 so-called “Baby Berkshire” B shares is somewhat intriguing. And soon, you and I will have the chance to do so.

When Buffett announced earlier this week that Berkshire (BRKA, Fortune 500) was buying railroad Burlington Northern Santa Fe (BNI, Fortune 500) for a mix of cash and stock, Berkshire also announced a 50-1 stock split of the company’s B shares. [Full Story]

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