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Warren Buffett invests in Dish Network

Discussion in 'General DISH™ Discussion' started by Athlon646464, Aug 15, 2013.

  1. Athlon646464

    Athlon646464 Gold Members DBSTalk Gold Club

    Feb 23, 2007
    Uxbridge, MA
    Warren Buffett invests in Dish Network

    Billionaire investor Warren Buffett has put some of his money in Douglas County-based Dish Network, Bloomberg reports.

    The regulatory filing Buffett's company, Berkshire Hathaway Inc., made revealed the initial investment in Dish (Nasdaq: DISH) is worth about $23 million. The filing with the Securities and Exchange Commission lists companies Berkshire Hathaway had a position in at the end of the second quarter.

    Berkshire Hathaway bought 547,312 class A shares of Dish, according to Business Insider. The satellite-TV company is controlled by Charlie Ergen.

    Full Story Here

  2. tonyd79

    tonyd79 Hall Of Fame

    Jul 24, 2006
    Columbia, MD
    Buffet often buys into companies to take them over. Interesting development.
  3. tsmacro

    tsmacro Hall Of Fame

    Apr 28, 2005
    And is good at making boatloads of cash doing it, makes you wonder what he knows.
  4. Paul Secic

    Paul Secic Hall Of Fame

    Dec 16, 2003
    Time will tell.
  5. Orion9

    Orion9 Legend

    Jan 31, 2011
    This investment is very small relative to Dish's or Berkshire's market caps, so at this point it seems more like dipping his toe in the water than a takeover to me.
  6. west99999

    west99999 Icon

    May 11, 2007
    Doesnt his company already own a boat load of DirecTV?
  7. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

    Apr 17, 2003
    "Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A, BRK. B ) holds 37.3 million DirecTV shares with a market value of about $2.4 billion. DirecTV is Berkshire’s eighth-largest holding by number of shares and seventh-largest by value."
    Investing Daily - June 2013
  8. acostapimps

    acostapimps Hall Of Famer

    Nov 5, 2011
    I like Warren Buffetts style of thinking, Invest in a company that you know will bring in a lot of cash in market value, But keep your lifestyle normal, Thats something a drug dealer would do :)

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