Berkshire Hathaway Keeps Chugging (BRK-A)

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Berkshire Hathaway Inc. (NYSE:BRK-A) has just posted some pretty killer earnings.  It posted $3,118.00 in EPS, but after you back out gains and other items you end up with $2,018.00 per share.  Unfortunately, there are not that many estimates on Berkshire Hathaway.  It looks like $1,444.00 was the estimate, but please check multiple sources before using this as gospel.  Here is the full SEC Filing

Warren Buffett is sitting on $39.936 Billion in cash as of the June 30 quarter end.  It holds $24.9 Billion in fixed income securities and $73.6 Billion in equity securities, and total assets are listed as $269 Billion.  Total liabilities are listed as $151.34 Billion.

Buffett said he’d love to do a WHALE OF AN ACQUISITION, so what is he waiting for?  He isn’t hurting for cash.  Here was a list of US stocks we gave in MAY that we felt could fit that bill for a whale of a deal.  Maybe he’s waiting to see if he gets through hurricane season with barely any scrapes from insurance and reinsurance losses.

Jon C. Ogg
August 3, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.