WARREN and Berkshire buying $5 billion in GOLDMAN SACHS preferred stock :-).
(GS) After Hours: 134.75 +9.70 (7.76%)
Check out the 'BIG WIN' for Warren:
Berkshire's preferred stock in Goldman will pay 10 percent and can be bought back any time at 10 percent premium. The warrants allow Berkshire to buy $5 billion in common stock at $115 per share any time over the next five years. (almost makes us want to buy puts on the pop)
This should effectively bring unjust pain to our STI, TROW and COF puts tomorrow, thanks Warren.
7 comments:
When do the GS common holders realize they've just been diluted?
agreed.
Goldman also said late Tuesday it would raise another $2.5 billion in its own public stock offering.
any thoughts on exm, drys down 10%
DRYS & EXM fell apart today.
the Baltic Dry broke down big, -3.3%
when they break their 52 week lows, and/or on 5% to 10% drops, we'll buy more.
lets build a 2 to 4 month position.
If you don't current own DRYS, is now a good time to get in?
we say yes,... it just hit a new 52 week low.
$43.65 daily low.
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