Warren Buffett’s Investment Firm Purchases 10 Million Shares Of General Motors Stock
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Berkshire Hathaway, the investment firm of 81-year-old mega market mogul Warren Buffett, has enough faith in General Motors to pull the buying trigger for 10 million shares of the company’s stock. This purchase equates to $256.6 million, which was enough to make it the automaker’s 20th largest investor. And because it’s Buffett, the stock observed a 4.3 percent jolt upwards. At the time of this writing, GM’s stock rests at $21.91, still very well below the 52-week high of $32.08 per share.
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People are buying cars again, now we just need them to start buying houses. 8-(
I enjoy the “IT’S THE ROC, HOLLA” pose. What a cool, old, filthy rich dude.
… The Rockefellers are part of what order now? Come on it’s not hard.
You’re about to get pwned!!! Watch out for the kikoho!!