Warren Buffett, Berkshire Hathaway sold its airline stocks in April - Business Insider

. The companies are well managed and the CEOs "did a lot of things right," he continued, but "the airline business ... changed in a very major way.", without detailing what it sold. Buffett attributed that figure to Berkshire's exit from the airlines.

Buffett explained the move by highlighting the airlines' bailout deals with the US government. Their agreements include billions of dollars in loans that they will have to repay, as well as warrants that the Treasury can exercise to acquire their shares at a discount in the future. The warrant part of the deal wasThe investor also questioned whether people will fly as much in the next two or three years as they did last year.

why drop those aerial moguls’ stocks now? jmyers42 lccc141

Don’t be too harsh on yourself if you make terrible stock pick. Even Buffett do that and make a U-turn.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Warren Buffett discussed coronavirus, the economy, and stocks at Berkshire Hathaway's annual meeting. Here are the highlights. | Markets InsiderWarren Buffett discussed a range of topics at Berkshire Hathaway's annual meeting on Saturday, often touted as 'Woodstock for capitalists.' The ... Why is this in past tense How to deal with a biological attack, because that is what the coronavirus is; bio terrorism !
Source: BusinessInsider - 🏆 729. / 51 Read more »