Buffet adds 4 airlines including United to Berkshire's portfolio
Berkshire Hathaway just released SEC filings show that the company has taken a stake in three of the four major airline companies — American Airlines, United Continental Holdings and Delta Air Lines.
But CNBC can report exclusively that Berkshire also has taken a stake in the fourth major carrier, Southwest Airlines. The move into airlines is a shocking reversal for Warren Buffett, who has shunned the industry for decades following a volatile investment he made in US Airways back in 1989. He bought $358 million in preferred shares of US Airways, which almost immediately dropped in value. http://www.cnbc.com/2016/11/14/buffe...-airlines.html ****************** Very interesting ? |
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