Just a week ago, Berkshire filed their 8-k.
They have borrowed 600 million in Euros.
This is similar to last year where Buffet borrowed the Yen and then purchased a 5% stake in large 5 Japanese trading companies including Mistubishi.
Furthermore, in 2019, Buffet in his annual shareholder meeting stated his intention to get a deal in the UK or Europe.
And we'd love to put more money into the U.K. I mean, if I get a call tomorrow and somebody says, you know, "I've got an X-billion-dollar... pound... company that I think might make sense for you to own," and that I would like to actually have as part of Berkshire, you know, I'll get on the plane and be over there.
But they'll have to name... they'll have to tell me what their price ideas are, and what its earnings... I'm not interested in going over and talking about it and pricing it for them and not making a deal. We like to make deals when we actually get into action. And we're hoping for it.
And we're hoping for a deal in the U.K., and/or in Europe, no matter how Brexit comes out.
So what do you all think he is buying? Reckitt Benckiser, a consumer goods company based in England has household names such as Durex, Airwick, and Dettol which should seem to fit his investing philosophy of buying what he knows.. but a quick look on YahooFinance shows that they're holding a lot of debt.
For more discussion with like-minded value investors and all things Berkshire Hathaway, check out /r/brkb
Submitted January 23, 2021 at 10:02PM by 2b2tof2b2t https://ift.tt/3iGnurP
