> gMoney wrote: > I don't own Budweiser stock. If I did, my stock would have increased in > value by 40%....that's the name of the game, isn't it? Make money on your > stocks? >
Ha! Irony is pretty ironic sometimes. ^^^ That kind of short-term thinking is sort of related to what's caused the current economic crisis. You see iBev bought Bud on leverage - loans. Short term the stock has risen and people have taken profits; will probably gets bonuses. But what if that purchase was fundamentally stupid long term? What impact would that have if all of these stupid decisions delivered their cargo at the same time? The current economic crisis. Buffet - and I own Berkshire, so my BUD shares dropped significantly - thinks the sale was stupid: Buffett sold as much as 61% of his A-B stake before Belgium's InBev agreed to pay $52 billion for its St. Louis rival. InBev offered $65 a share for Anheuser-Busch on June 11 and boosted its offer to $70 a share on July 13. Thursday, Buffett's Berkshire Hathaway disclosed that its A-B stake stood at 13.7 million shares as of June 30. As of March 31, Berkshire had 35.56 million shares, or 4.9%, of A-B stock. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:269925 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
