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Buffet sells airline shares #6858527
04/29/20 05:36 PM
04/29/20 05:36 PM
Joined: Apr 2014
Posts: 7,084
MO
cfowler Offline OP
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cfowler  Offline OP
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Seems he got out. Maybe while the getting was good? Perhaps to increase his cash holdings for the next big drop in the market? Perhaps both? I suspect it’s both. What say you?


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Buffet sells airline shares [Re: cfowler] #6858554
04/29/20 06:05 PM
04/29/20 06:05 PM
Joined: Dec 2006
Posts: 3,476
Northern Ohio ...
S
Sullivan K Offline
"Keith"
Sullivan K  Offline
"Keith"
S

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Posts: 3,476
Northern Ohio ...
Originally Posted by cfowler
Seems he got out. What say you?


Got out?

 He sold 13 million shares of Delta Airlines and 2.3 million shares of Southwest

Berkshire Hathaway still owns 59 million shares of Delta and 51.3 million shares of Southwest Airlines.

That's not hardly getting out.


My name ain't Keith
Re: Buffet sells airline shares [Re: cfowler] #6858571
04/29/20 06:19 PM
04/29/20 06:19 PM
Joined: Apr 2014
Posts: 7,084
MO
cfowler Offline OP
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cfowler  Offline OP
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Didn’t know how much he had in each company. News article didn’t provide that info. So I said, it “seems”. Figured someone would provide some insights, thoughts, or ideas. You did. Thanks!


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Buffet sells airline shares [Re: cfowler] #6858876
04/29/20 11:11 PM
04/29/20 11:11 PM
Joined: Apr 2013
Posts: 4,054
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nimzy Offline
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nimzy  Offline
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I would consider that size reduction a sign.

Re: Buffet sells airline shares [Re: cfowler] #6858889
04/29/20 11:27 PM
04/29/20 11:27 PM
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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white17 Offline

"General (Mr.Sunshine) Washington"
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McGrath, AK
Maybe he just wants to lock in a tax loss while he uses the freed up capital to buy back BRK stock while it's depressed.

Also, with the government loaning money to airlines but also demanding equity stakes or warrants, who would want to be in business with Nancy Pelosi on the board of directors ?


Mean As Nails
Re: Buffet sells airline shares [Re: cfowler] #6858904
04/29/20 11:59 PM
04/29/20 11:59 PM
Joined: Apr 2013
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nimzy Offline
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nimzy  Offline
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Yup a sign

Re: Buffet sells airline shares [Re: cfowler] #6858923
04/30/20 02:12 AM
04/30/20 02:12 AM
Joined: Dec 2006
Posts: 3,517
Moved to Fbks, Ak.
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martentrapper Offline
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Moved to Fbks, Ak.
Government wants
A stake in airlines? Government isn't supposed to be in business. Is this for real? Like Europe?
mt

Re: Buffet sells airline shares [Re: cfowler] #6858968
04/30/20 06:37 AM
04/30/20 06:37 AM
Joined: Apr 2013
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nimzy Offline
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Don’t think they “want” it but for the sake of the taxpayers they need to get something for their bail money

Re: Buffet sells airline shares [Re: cfowler] #6858969
04/30/20 06:40 AM
04/30/20 06:40 AM
Joined: May 2010
Posts: 28,978
potter co. p.a.
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pcr2 Offline
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potter co. p.a.
chinese Buffet?









Re: Buffet sells airline shares [Re: cfowler] #6858991
04/30/20 07:33 AM
04/30/20 07:33 AM
Joined: Apr 2014
Posts: 7,084
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cfowler Offline OP
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cfowler  Offline OP
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Saving the taxpayer destroyed the free market. And to think government doesn’t want control is a little naive. Remember they’re the ones that want to regulate your life, take your guns, and make the working American pay for illegal aliens.


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Buffet sells airline shares [Re: martentrapper] #6859068
04/30/20 09:16 AM
04/30/20 09:16 AM
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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white17 Offline

"General (Mr.Sunshine) Washington"
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McGrath, AK
Originally Posted by martentrapper
Government wants
A stake in airlines? Government isn't supposed to be in business. Is this for real? Like Europe?
mt


Serious as a heart attack Mike. Just like when they "loaned" money to the car makers back in 2008-9


Mean As Nails
Re: Buffet sells airline shares [Re: cfowler] #6859432
04/30/20 05:19 PM
04/30/20 05:19 PM
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nimzy Offline
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Originally Posted by cfowler
Saving the taxpayer destroyed the free market. And to think government doesn’t want control is a little naive. Remember they’re the ones that want to regulate your life, take your guns, and make the working American pay for illegal aliens.


Here I was thinking they destroyed the taxpayer to save the free market crazy

Re: Buffet sells airline shares [Re: nimzy] #6859483
04/30/20 06:12 PM
04/30/20 06:12 PM
Joined: Apr 2014
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cfowler Offline OP
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Originally Posted by nimzy
Here I was thinking they destroyed the taxpayer to save the market crazy

There, fixed it for ya. Now you’re right. grin


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Buffet sells airline shares [Re: cfowler] #6859543
04/30/20 07:16 PM
04/30/20 07:16 PM
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nimzy Offline
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Fair enough! Lol

Re: Buffet sells airline shares [Re: cfowler] #6861980
05/03/20 09:41 AM
05/03/20 09:41 AM
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cfowler Offline OP
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Well well, Buffet did sell all his airline stocks. Hmmmm.


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Buffet sells airline shares [Re: cfowler] #6862120
05/03/20 12:53 PM
05/03/20 12:53 PM
Joined: Apr 2013
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nimzy Offline
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And they say you can’t time the market???

Re: Buffet sells airline shares [Re: cfowler] #6862142
05/03/20 01:13 PM
05/03/20 01:13 PM
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hippie Offline
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He'd have looked smarter had he sold them a couple months ago.

Re: Buffet sells airline shares [Re: cfowler] #6862148
05/03/20 01:21 PM
05/03/20 01:21 PM
Joined: Mar 2007
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McGrath, AK
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white17 Offline

"General (Mr.Sunshine) Washington"
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McGrath, AK
He violated my #2 rule. NEVER invest in an airline !


Mean As Nails
Re: Buffet sells airline shares [Re: cfowler] #6862161
05/03/20 01:36 PM
05/03/20 01:36 PM
Joined: Apr 2014
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cfowler Offline OP
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He lost in the 2008 bs and came out smelling like a rose. He intends to do it again. Can’t say when, it’s cloudy and the crystal ball won’t charge, but we’re gonna be going downhill in the market in the near future. The dip will be a little deeper, look before you leap.


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Buffet sells airline shares [Re: cfowler] #6862189
05/03/20 02:19 PM
05/03/20 02:19 PM
Joined: Jun 2012
Posts: 3,834
KY.usa
rex123 Offline
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Yahoo finance says he sold all of his airline stocks.

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