Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) has exited positions and sold its stakes in several companies like General Motors (GM) and Johnson & Johnson (JNJ) that recently underwent or announced new business ventures. Meanwhile, Apple (APPL), Bank of America (BAC), and American Express (AXP) continue to stand as Berkshire’s top holdings.
Yahoo Finance’s Seana Smith and Brad Smith analyze Berkshire Hathaway’s portfolio adjustments.
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He sold off all GM?
yes. WB doesn’t need to risk capital. There are better deals.
GM stock was $36 in 2010 and is now $28 thirteen years later. That’s as dead as “Dead Money” can get. Only a fool or company execs would hold GM stock now. And the UAW is still not satisfied with the stellar deal offered them. Fain disparages shareholders as greedy. I don’t think any greedy investor is part of this dying behemoth. The UAW will enjoy feeding off the carcass until bankruptcy occurs. This looks like GM to zero 2.0.