mihackler

Michael Hackler

Real Money Earned: $0.93
Location: Edmond, OK
Member Since: 5/07/08
Portfolio Total:$1,400,606.60

Stock Analysis: 2

Portfolio Start Date10/28/08
Annualized Return:32.8%
Total Return:40.1%

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Stock Pick by Michael Hackler

BRK.B: Way oversold.

Start trading BRK.B with real money!

Rate Analysis

9 ratings

Posted 681 days ago on 5/07/08

Market call:BRK.B will go UP
Target: $94.00 on 11/07/08
Current: $82.35 (-3.62% from time of market call)

Berkshire Hathaway is way oversold due to the press release last week. The fact of the matter is, when people see "64% Net Proft Decline!" it tends to get in their head. If you dig a little futher, and read the letter to the shareholders', you will see this is derivative related, and is booked according to the mark-to-market standards. Nearly half of this loss had already been made up at the beginning of the week. Definitely a buy right now.

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Jakob Banks

Posted 5/9/2008, 12:43 pm

I'm all over this stock, I have the max of both (A and B). I still see no reason for this stock to be so oversold. I guess we'll just have to weather it out.

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