Will Buffett’s Berkshire Hathaway be the Same After Friday?
February 12, 2010 /EIN PRESSWIRE/ For years, most investors have dreamed of owning a piece of Warren Buffett’s Berkshire Hathaway, but the company’s uber-expensive share price is a little out of the common investor’s price range. However, Friday’s move involving Berkshire Hathaway could give people a chance to buy in at a more manageable price.
Berkshire Hathaway joins the Standard & Poor’s 500 stock index Friday and is expected to make up more than 1% of the S&P 500 all by itself from day one.
Although the company’s Class A stock, currently at $115,000 a share, is still unattainable for average investors, Berkshire Hathaway’s Class B stock recently saw a 50-to-1 split and sits at more than $70 a share. The company’s entry into the S&P 500 makes those Class B shares more obtainable to fund managers and their portfolios.
On Thursday, Burlington Northern Corp. shareholders approved the sale of the railroad company to Berkshire Hathaway.
Read more at Global Investing Today:
Latest Berkshire Hathaway Inc. news – http://investing.einnews.com/news/berkshire-hathaway-inc
Latest Warren Buffett & Investment news – http://investing.einnews.com/news/warren-buffett-investing
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