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Title: Warren Buffet Buys 10 Million Shares In General Motors
Source: eGMCarTech
URL Source: http://www.egmcartech.com/2012/05/1 ... rren-buffet-buys-shares-in-gm/
Published: May 16, 2012
Author: eGMCarTech
Post Date: 2012-05-16 12:11:28 by Brian S
Keywords: None
Views: 1013
Comments: 1

Warren Buffet’s firm Berkshire Hathaway announced today that it has purchased 10 million shares of General Motors stock. The company disclose the investment today in a filing with the Securities Exchange Commission.

The investment by Buffet’s company is just a small part of GM’s 1.57 billion outstanding shares – however, having Warren’s name behind the company should give some boost to the Detroit automaker’s image.

The shares would be worth $224,000,000 at today’s closing price of $22.40. up 98 cents.

Buffett has no plans to purchase stock in Facebook.

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#1. To: Brian S (#0)

Great, so the country's largest tax cheat is now hooked up with the country's largest welfare queen.

How wonderful for us all.


we must as a species go into a period of shrinkage that we have not experienced since the Dark Ages and the Black Plague -- loonymom

jwpegler  posted on  2012-05-16   15:30:22 ET  Reply   Trace   Private Reply  


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