Telephone interview WB di CNBC 24 Sept, WB point out 4 hal yg penting -Goldman one of best co
-right time to buy (since last week almost totally dysfunction financial market) -right price -right people Kalo dia masuk 5B di US, give us a clue to follow the leader. Silahkan collect saham yg menurut anda give the best cuan From: Winoto99 [mailto:[EMAIL PROTECTED] Sent: Thursday, September 25, 2008 8:01 AM To: [email protected] Subject: Re: [saham] Re:AP: Berkshire buying ... Goldman Sachs... alasannya adalah?? Sekedar daripada nyontek untuk mengamati sepak terjang si WB : Last night, Warren Buffett announced Berkshire Hathaway (his holding company) would take a $5 billion position in Goldman Sachs. Before you rush out to buy Goldman's stock, you should consider a few points... First, you can't buy the kind of stock Buffett got on any market, anywhere in the world. Berkshire Hathaway is buying $5 billion of perpetual preferred stock with a 10% coupon. These shares are senior to both Goldman's other preferred stock and its common stock. That means no other shareholders will receive any dividends until Buffett has been paid his 10%, in full, each year. And that's not all... To sweeten the deal for Buffett, Goldman agreed to include a warrant (a long-term call option) that entitles Berkshire Hathaway to buy an additional $5 billion in regular common stock, at $115 per share. (Goldman's trading for about $130 now.) Thus, if Goldman can turn things around, Berkshire will receive an enormous payday down the road. It will be entitled to buy stock at $115, no matter what the price has risen to five years from now. Most investors have no idea what this means. When they read about a warrant being granted, they just shrug. They can't do the math to figure out how much Goldman has given to Berkshire. It's like reading Greek to most people. So let us tell you what no newspaper will... The value of an option to buy stock in the future at a fixed price is based almost entirely on the duration of the option. The further out you go in time, the more valuable they become. Right now, the only similar options you can buy on Goldman are $120 calls that expire in January 2011 - about two and a half years from now. These options would cost you $42 to buy today. Using these options as a rough guide, it estimates the options Buffett received from Goldman are worth about $78 each. On a $5 billion position, that's a total value of $3.2 billion. In other words, Buffett received a security worth about $3.2 billion in exchange for his $5 billion investment in a high-yielding preferred stock. His net exposure is only $1.8 billion. On this capital at risk, he's getting paid $500 million per year. That's a 27.7% annual return. And he may eventually end up owning 10% of the company. What's Buffett's risk? Well, thanks to the government bailout, he probably doesn't face any. Buffett said he wouldn't have purchased Goldman unless he was sure Congress would do the "right thing" by approving the $700 billion bailout. Semoga bermanfaat ================================ ----- Original Message ----- From: Dean Earwicker <mailto:[EMAIL PROTECTED]> To: [email protected] ; [EMAIL PROTECTED] Sent: Wednesday, September 24, 2008 10:06 PM Subject: Re: [saham] Re:AP: Berkshire buying ... Goldman Sachs... alasannya adalah?? Goldman satu2nya investment bank yang COAN karena SPM, sementara temen2nya kejedut parah. http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_ finance/article3054952.ece Excellent risk management. Regards, DE Pada 24 September 2008 21:53, Hermawan Suryawijaya <[EMAIL PROTECTED]> menulis: Dear Seniors, apakah ada yang tau alasan knapa dia pilih Goldman dan bukan Morgan?? atau bukan Merill atau Lehman ?? sepertinya WB sudah belanja di pertengahan tahun (beli kraft kalo tidak salah?) padahal di saat yang sama ada Bear Stern yang kolaps... knapa juga tidak Bear Stern kalau memang dia tertarik dengan bank investasi? kalo bisa tau alasannya saya pikir kita bisa belajar bagaimana menjadi "stock picker" yang handal... Kind Regards, Hermawan Suryawijaya ------------------------------------ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. DILARANG KERAS MEMOSTING OPINI PRIBADI TENTANG POLITIK DI MILIS INI. Silahkan lakukan itu di milis [EMAIL PROTECTED] [EMAIL PROTECTED] untuk berhenti dari milis saham [EMAIL PROTECTED] untuk bergabung ke milis saham Yahoo! Groups Links
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