Morningstar analyst Gregg Warren comments on its fair value estimate and economic moat.
We expect Warren Buffett and Charlie Munger to comment on succession planning, Kraft Heinz, and what they plan to do with all that cash.
Berkshire Hathaway puts some cash to work with a $10 billion pledge.
The Kraft Heinz impairment and equity market sell-off hurt the wide-moat firm, but we're leaving our fair value estimate in place.
Acquisitions, investments, share repurchases, or dividends are some options.
The firm also increased its stake in JPMorgan Chase and other financials.
With Bill Gross' fund performance faltering again in 2018, we weren't surprised by the announcement and are leaving our fair value estimate in place.
We recommend long-term stock investors focus on quality over price by sticking with BlackRock and T. Rowe Price.
The wide-moat firm reported disappointing earnings, but its AUM numbers were better than expected.
The company's size and scale, strength of brands, and consistent record are strong advantages.
Berkshire holdings Wells Fargo and Goldman Sachs are currently trading at steep enough discounts to recommend.
In a quarter with some surprises, we take a closer look at Berkshire's 3rd-quarter transactions.
The Oracle of Omaha and his lieutenants initiated positions in JPMorgan Chase and Oracle, among others, last quarter.
We are leaving our fair value estimate in place after slightly better than expected results.
With the firms we cover down more than 25% year to date, we think it's best to stick with high quality, wide-moat BlackRock and T. Rowe Price.
Narrow-moat Invesco acquired the firm for $5.7 billion, higher than estimates, to be paid entirely in stock.
It was a solid quarter from the asset manager, and the company is well positioned despite some institutional outflows from riskier asset classes.
U.S. asset managers' valuations are depressed, but we see some opportunity.
With both firms being viewed as average when it comes to performance and product offering, we'd view this as more of a pricey scale move.
We have one upgrade but more downgrades as well as fair value estimate cuts.
The wide-moat firm also purchased additional shares of Goldman Sachs and US Bancorp during the second quarter.
Our fair value estimate for Berkshire is unchanged after earnings were basically in line with our expectations.
Gregg Warren says share repurchases and dividends as the only way for Berkshire to meaningfully reduce its cash balances in the near term.
Wide-moat BlackRock's competitive advantages continue to grow.
The wide-moat firm made large additions to its stakes in Monstanto and Teva Pharmaceuticals and sold a significant slug of Versik Analytics shares.
Analyst Gregg Warren shares his takeaways from the six questions he got to ask Warren Buffett today.
Looking past accounting changes, some weakness at BNSF and the lapping of the AIG retroactive insurance deal penned last year were the major stories in first quarter earnings.
Ahead of this weekend's annual meeting, analyst Gregg Warren provides an update on the firm's performance and valuation.
Ahead of the annual meeting this weekend, analyst Gregg Warren shares what he expects to come up.
Increased volatility and poor equity market performance in the first quarter didn't stop this wide-moat firm from gathering assets.
Invesco still offers the best relative value, but BlackRock is starting to look attractive too.
Hurricanes had a heavy impact on Berkshire’s operating earnings, but book value continued to grow.
Morningstar's Gregg Warren thinks rising earnings and buybacks will help drive the market even if rates do move higher.
Invesco piques our interest at today's prices.
Positive flows, market gains, and acquisitions should drive assets under management higher.
We recently raised our fair value estimate for the wide-moat firm to $550.
We think both Ajit Jain and Greg Abel are integral to the company's operations but regard Abel as the more likely successor to Buffett.
Adding Ajit Jain and Greg Abel to Berkshire's board doesn't make the succession plan any clearer, but it adds credence to our long-held belief that these managers are the leading candidates to replace Buffett.
Our fair value estimate is unchanged after a rough third quarter.
Narrow-moat Invesco's dividend payout looks secure, and shares could look attractive in the event of a market sell-off.
The $2.8 billion in catastrophe-related losses reported in the quarter won’t dent our fair value estimate.
Recent hurricanes add to a difficult year for the insurance business but have minimal impact on our valuation.
The narrow-moat asset manager's purchase of Guggenheim's ETF business will fill in product holes and allow the firm to create customized products to quickly meet investor demand.
Warren Buffett’s unwillingness to overpay for Oncor is a sign the firm is sticking to its values and not that it's lost the touch to complete deals.
The richly-priced deal would've been dilutive to Berkshire Hathaway Energy's earnings in the near-term -- though the firm should receive its $270 million negotiated breakup fee.
BlackRock and T. Rowe Price remain our top picks in the space.
Most of the changes to the firm's stock holdings were as expected, but the sale out of GE was somewhat surprising.
The company boosted its book value per share in the quarter and had solid top-line results, but profitability was weaker than expected.
We expect the competing bid to lower the probability of Berkshire Hathaway Energy's offer closing, but still view it as greater than 50%.
We remain cautious on the deal and expect a slight increase to our fair value estimate after this and other recent actions.