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Berkshire Made How Much?? (BRKA, KO, WFC)

Berkshire Made How Much?? BRKA, KO, WFC

Reports from Barclay's Capital estimate that Berkshire Hathaway (NYSE: BRK-A) may have have made as much as $6.3 billion in the fourth quarter of 2010, led by gains in Coca-Cola (NYSE: KO) and Wells Fargo (NYSE: WFC).

Wells Fargo rose 23% in the fourth quarter, while Coca-Cola gained 12%. Berkshire's equity portfolio was valued at $57.6 billion as of the end of the third quarter, and had more than 33% of its assets in these two companies.

Jay Gelb, a Barclays analyst, said Berkshire's book value "could rise about 6 percent, due to its significant exposure to equities."

Gelb was also positive on results from Burlington Northern, and pretax earnings at Berkshire's division that includes toolmaker Iscar Metalworking Cos. and NetJets Inc.

Warren continues to make fools out of all those who say that time has passed him by. Not so fast my friends. Warren continues to pull the right punches, and we're just left to stare and awe.

Posted-In: Warren BuffettLong Ideas News Rumors Trading Ideas


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