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Offbeat Despite high cash reserves: Buffett waved

09:26  13 july  2020
09:26  13 july  2020 Source:   finanzen.net

DFB achieves a surplus of 19.5 million euros for 2019

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In November, Warren Buffett backed out of a bidding war after a slightly higher offer to buy hot technology distributor Tech Data. Lofty market valuations may be holding back Buffett and his partner Charlie Munger, who have long been drawn to cheap companies with long-term prospects.

Warren Buffett is perhaps the finest investor of the past century. However, when it comes to Buffett 's capital allocation decisions over the past decade, as well as Berkshire's ballooning cash balance, there is certainly room for improvement.

despite sufficient capital, Warren Buffett thankfully declined this takeover.

PHILIPPE HUGUEN/AFP/Getty Images © Provided by Finanz.net GmbH PHILIPPE HUGUEN / AFP / Getty Images

• LVMH made a takeover offer to Tiffany & Co.

• Tiffany looked for further potential buyers around

• In November the takeover took place for 16.6 billion US Dollar instead of

Buffett thanks rejects

Warren Buffett and many shareholders of his investment company Berkshire Hathaway have repeatedly indicated that there is definitely interest in large takeovers. It is therefore all the more surprising that Buffett's decision to reject Tiffany & Co. 's offer. After LVMH presented the takeover offer to the US jeweler, Tiffany looked for other potential buyers. Four other possible bidders were given the opportunity to offer an offer. As the Financial Times reports, Warren Buffett also had the opportunity to take over the traditional company. But the investor politely declined. For many shareholders, the cancellation is a surprise, since it previously appeared as if Buffett was quite interested in taking over the jeweler. In 2009, the investor helped the company with $ 250 million in bond purchases through the financial crisis, apparently revealing the intentions of a future takeover to many observers.

Berkshire Hathaway to buy natural gas assets from Dominion Energy in $10 billion deal

  Berkshire Hathaway to buy natural gas assets from Dominion Energy in $10 billion deal In its first deal since the economic downturn caused by coronavirus, Berkshire Hathaway is purchasing natural gas transmission and storage assets from Dominion Energy in a deal worth nearly $10 billion. © Ricky Carioti/The Washington Post/Getty Images LUSBY, MD - OCTOBER 9: Vapor and liquid natural gas lines are shown at the Dominion Cove Point LNG Terminal on October 9, 2012 in Lusby, Md. The liquid natural gas terminal in the Chesapeake Bay was designed to import several hundred tankers a year.

Despite regretting the purchase of failing textile company Berkshire Hathaway in 1962, Buffett did the same thing 13 years later when he purchased Despite his mistakes, the Oracle of Omaha is still one of the most successful investors of all time. Click through to find out the steps you can take to become

Warren Buffett said last year that despite Berkshire Hathaway's lackluster performance of late, he was eager to make an eye-popping acquisition. There was only one problem at that time, according to Buffett : prices were too high . Since Buffett 's 2019 comments to CNBC, the S&P 500 has climbed

Takeover by LVMH

Also with the four other potential bidders, no takeover came about and the offer from LVMH was not outbid. In November 2019, an agreement was reached with the French group, which wants to take over Tiffany & Co. for $ 16.6 billion, including debts. Meanwhile, Buffett is still hoarding around $ 128 billion in cash reserves. The investor is thus sitting on a cash mountain with a value that now corresponds to around a quarter of Berkshire Hathaway's market capitalization. In the low interest rate environment, however, this hardly generates any income.

The plan for the cash reserves

Buffett has always made it clear that he still has big plans with the money. If it were up to him, he would like to make one or more large deals. However, he seems to find it difficult to find attractive takeover targets and sees many companies as overvalued. While Buffett remains true to his principles and rejects many investment and takeover offers, not all Berkshire shareholders share the investor's opinion. Because while some share Buffett's assessments, others are annoyed by the opportunities they have lost and long for new investments.

Isabell Tonnius / Redaktion finanzen.net


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