Warren just dropped a cool $5 billion into Goldman Sachs. I think it's a better deal for Warren than for GS. A perpetual preferred with a 10% yield. Warren has warrants to buy another bozillion shares at $110. What a deal for the oracle. GS is also issuing $2.5 billion in common equity. Ouch.
Tuesday, September 23, 2008
A Good Deal For Buffett
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
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