Click here to send MH news, tips, links, documents, facts
or factory-built housing related news story suggestions.

Home > Advocacy, Business, Company News, Manufactured Homes, News Item > Whale Watching May not be Good Investment Strategy

Whale Watching May not be Good Investment Strategy

June 29th, 2012

Benzinga asks if investors should buy stock based on what Warren Buffett’s Berkshire Hathaway purchases. Alex Shek reports that on May 15, Berkshire reported General Motors and Viacom were added to its portfolio as of March 31. The obvious first question is, can it be worthwhile to buy what may be a good investment 45 days later, as the result of whale watching (examining what the institutional investors buy)? GM has fallen 10.1% since the market opened May 16, and Viacom has dropped 2.0% since then. It is not known if Berkshire continues to hold shares of GM and Viacom, as it was not listed in the most recent 13-F filing, but clearly, as MHProNews has learned, someone following Buffett’s lead a month and a half after his purchase would have made a bad investment.Berkshire Hathaway owns Clayton Homes, the largest producer of manufactured homes in the nation.

(Image credit: MoneyControl)

Matthew Silver - Reporter at Large
Soheyla Kovach - Support Services
L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here:
Comments are closed.