A Good Deal For Buffett

Warren just dropped a cool $5 billion into Goldman Sachs. I think it’s a better deal for Warren than for GS. A perpetual preferred with a 10% yield. Warren has warrants to buy another bozillion shares at $110. What a deal for the oracle. GS is also issuing $2.5 billion in common equity. Ouch.

Previous Post
No Catalyst, No Confidence, No Buyers
Next Post
We’ll See

Recent Articles