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Guest Message by DevFuse

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Warren Buffett invests in Dish Network


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#1 OFFLINE   Athlon646464

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Posted 15 August 2013 - 06:42 AM

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.
 
 
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#2 OFFLINE   tonyd79

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Posted 15 August 2013 - 10:05 AM

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


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#3 OFFLINE   tsmacro

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Posted 15 August 2013 - 10:20 AM

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

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




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#4 OFFLINE   Paul Secic

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Posted 15 August 2013 - 10:59 AM

Time will tell.


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#5 OFFLINE   Orion9

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Posted 15 August 2013 - 01:04 PM

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 ONLINE   west99999

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Posted 17 August 2013 - 08:04 PM

Doesnt his company already own a boat load of DirecTV?



#7 OFFLINE   James Long

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Posted 17 August 2013 - 08:13 PM

Doesnt his company already own a boat load of DirecTV?


"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."
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#8 OFFLINE   acostapimps

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Posted 17 August 2013 - 10:02 PM

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 :)

Edited by acostapimps, 17 August 2013 - 10:03 PM.

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