Search Results for: buffett

…s the lede of a BusinessWeek article published on February 18, 2011 titled Buffett Says Pricing Power More Important Than Good Management. Warren Buffett, the billionaire chief executive officer of Berkshire Hathaway Inc., said he rates businesses on their ability to raise prices and sometimes doesn’t even consider the people in charge. “The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisi…

…r $80 per share – nearly 3 times as much as Buffett paid – just a about a month ago. Its big negative in our current market was its large energy trading business which depends on ready access to credit. That dried up, but something tells me that Buffett does not have that worry. Bottom line – Buffett has a very long history of buying good companies in businesses he likes and understands at prices that undervalue the company. That is why he is such…

…was titled Buffett Still Power Hungry. Here is a quote from that article: Buffett also said that Berkshire is looking at new-generation nuclear power plants with an “open mind.” While Buffett has spoken positively about the utility and pipeline segments of the energy business for several years now, this is the first time we’ve seen him comment on nuclear plants. In his article Security Meltdown Lovins repeated one of the versus of his oft repeate…

…bscriber, do me a favor and go to http://www.digg.com/search?section=all&s=buffett+nuclear and try accessing the original version of the story. Let me know how it works for you. One more item of interest that will not be obvious to the on line viewers of the article about Buffett’s nuclear interest. In the paper version, directly below the article was a three quarter page advertisement by PSEG. Once again, PSEG has paid for a advertisement with te…

…ompanies in neighboring states and certainly has the financial resources for building nuclear power plants. Go read the article now at Opportunity Knocks, Again. I have written about Mr. Buffett’s interest in energy production – particularly nuclear energy production – before. It is interesting to see how that interest is developing….

…r power plant in Idaho. That reader challenged me to provide evidence that Buffett has confirmed his support for a new reactor at Calvert Cliffs. Here is a quote from a September 19, 2008 article written by Rebecca Smith for the Wall Street Journal titled Buffett Rescues Power Firm for $4.7 Billion: Gregory Abel, chief executive of MidAmerican, said Berkshire is “very comfortable with and committed to Constellation’s current strategic plan” and in…

…ut the fact – discussed in previous posts on Atomic Insights – that Warren Buffett made a decision not to proceed with plans to build a new nuclear plant in Idaho. That decision needs to be understood for what it was, a decision about a particular project in a particular location. There are dozens to hundreds of factors that go into the financial model for any large project; there is no way of knowing just which ones were the ones that drove the m…

…MidAmerican Nuclear Energy, a company owned by Berkshire Hathaway, Warren Buffett’s investment vehicle. The unit was investigating the possibility of building a nuclear power plant in western Idaho that would probably sell most of its power output in the Pacific Northwest markets. Last week, MidAmerican Energy Holdings announced that it had completed its due diligence – investment research and number cruching – and determined that the project wou…