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March 2009

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The presumably abandoned buyout offer for Compass Minerals

March 13, 2009 – Comments (0) | RELATED TICKERS: CMP

Shares of Compass Minerals were boosted to the low $60s last week on rumours that german firm K+S was considering a buyout offer for Compass Minerals. Reports are that K+S's board has decided to put the project on hold for an unspecified period.  [more]

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Bought Berkshire Hathaway for my personal portfolio, my thoughts on the company

March 04, 2009 – Comments (3) | RELATED TICKERS: BRK-B

Bruce Berkowitz of the Fairholme Fund, which at one point had 15% of assets in Berkshire, started selling the stock in about the second half of 2008 and has now sold out completely. From what I remember of Fairholme's public statements and conference calls, it seems that Berkowitz started to reduce his position feeling that since Berkshire had appreciated, he could sell cheap to buy cheaper. Later, he seemed to change his mind. Warren Buffett himself warned not to expect Berkshire to grow book value more than 2% faster than the S&P. Berkowitz, feeling he could do better on his own, sold out and used the proceeds elsewhere.  [more]

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Thoughts on Magellan Midstream Partners (MMP) buying its own general partner (MGG) out

March 04, 2009 – Comments (0) | RELATED TICKERS: MGG , MMP , EPE.DL2

On several previous occasions, I've stated that many master limited partnerships are good investments. Their general partners are possibly more so, as their distributions grow at a faster rate due to the incentive distribution structure. I picked Magellan Midstream Holdings (MGG), since I like the underlying asset base and growth potential.  [more]

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