02-17-2016, 08:50 AM
(02-16-2016, 04:43 PM)EricL Wrote:(02-16-2016, 04:34 PM)Roadmap2Retire Wrote: I was wondering how long it would take for Berkshire to disclose a new investment while this market is down. Turns out that it is none other than KMI!
Buffett's Berkshire Hathaway Discloses Stake in Kinder Morgan
http://www.bloomberg.com/news/articles/2...der-morgan
Very nice. Up about 6% in after hours so far on the news.
I wouldn't put too much focus on Buffet buying KMI. Its probably dead money for a while. Nice pop and would sell into the rally today. Buffets last few buys haven't worked out that great. IBM at $165 and LMCA at $40. Both down significantly where he bought. And lets not forget Buffet bought KMI back in 2015 at an average price of $23.65. So he still down on his previous purchases. But still good news if your holding KMI for 5-10 years.