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| Berkshire Hathaway Receives New "Outperform" Rating, Strong Insurance Backing - June 30, 2009 |
Berkshire Hathaway started getting coverage today from KBW Inc., a ratings company, who began their
rating on Berkshire at "outperform." The company KBW says that they are rating Berkshire as an
"outperform" due to its ability to invest revenue it is making from its insurance company.
KBW says that the company has very positive long term prospects due to its successes with Geico
Corp.'s car insurance line. Further, the company has been making smart bets buying debt in Goldman
Sachs, GE, and other major companies.
KBW likes that Berkshire has $25.6 million to invest from profits off of insurance companies, which will
allow it to continue to have strength.
KBW said, "Berkshire’s financial strength may be unparalleled in the U.S. today and is a key advantage in
a credit-conscious world."
KBW believes the company could raise 24% in the next year in stock prices due to this financial strength
and will outperform the market.
The Oxen Group is not affiliated with Berkshire Hathaway, Warren Buffett, or any of their affiliates.
rating on Berkshire at "outperform." The company KBW says that they are rating Berkshire as an
"outperform" due to its ability to invest revenue it is making from its insurance company.
KBW says that the company has very positive long term prospects due to its successes with Geico
Corp.'s car insurance line. Further, the company has been making smart bets buying debt in Goldman
Sachs, GE, and other major companies.
KBW likes that Berkshire has $25.6 million to invest from profits off of insurance companies, which will
allow it to continue to have strength.
KBW said, "Berkshire’s financial strength may be unparalleled in the U.S. today and is a key advantage in
a credit-conscious world."
KBW believes the company could raise 24% in the next year in stock prices due to this financial strength
and will outperform the market.
The Oxen Group is not affiliated with Berkshire Hathaway, Warren Buffett, or any of their affiliates.
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