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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

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    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

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  2. tonyd79

    tonyd79 Hall Of Fame

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    Buffet often buys into companies to take them over. Interesting development.
     
  3. tsmacro

    tsmacro Hall Of Fame

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

    Paul Secic Hall Of Fame

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    Time will tell.
     
  5. Orion9

    Orion9 Legend

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    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

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    Doesnt his company already own a boat load of DirecTV?
     
  7. James Long

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

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    "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

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    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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