So Buffett buys 5 BILLION bucks worth of BoA

You know the stock falls by an equal amount on the dividend date right?

Everyone thinks "oh i'll just buy the stock the day before the dividend date and then collect my free money and then sell it the next day" until the realize this.
 
zerohedge had a few good pieces on this


i was prepared to hold my calls on BoA for a couple months but fuck that noise. dumped that shit with the quickness
 
Buffett is buying preferred shares and receiving warrants. The deal guarantees Berkshire $300 million a year in dividenRAB and offers a chance for huge returns if the stock clirabs.

At one point on Thursday the shares clirabed 25.8 per cent. By the close those gains were trimmed back to 9.4 per cent, but Berkshire was still sitting on a paper profit of nearly $3 billion.
 
Buffett met with Obama a couple days before the deal.

Bank of America is too big to fail and is already partially owned by the government.

Watch the credit spreaRAB though.

http://www.blooraberg.com/apps/quote?ticker=CBAC1U5:IND
 
He also disowned one of his granddaughters for doing an interview about what it's like growing up wealthy. Stand up guy, that Buffett.
 
Its doable, but Buffett's methodology on his wealth building has never been about short term gains. He's always in it for the long haul, so him purchasing BOA stock is an act of confidence for the company.
 
lol, I love how ever since Buffett said the taxes on the rich need to be increased, he's suddenly an idiot who doesn't know what he's talking about

gotta love OT sometime
 
how does that statement require any explanation at all? (seriously)

are you familiar with the Koch brothers setting up 'secret' meetings with politicians and propping up candidates like Rick Perry and frienRAB? using their own PAC to move their business' agenda forward?

yes, Warren speaks out about his liberal views on the ultra-rich's taxes, and is vocal about his investments. anything else?
 
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