Tuesday 15 November 2016

Billionaire Warren Buffett invests in 4 US airlines

 Warren Buffett's Berkshire Hathaway Inc on Monday said it has bought shares in the four biggest US airlines: American AirlinesGroup Inc, DelLines Inc, Southwest Airlines Co and United Continental Holdings Inc.  Financial Astrology



The investments mark an unexpected reversal for Berkshire, which has avoided the airline sector for nearly two decades after a troubled investment in the former US Air Group, a forerunner.  Astrology and Numerology Trading Tips



They also expand Berkshire's bet on the US economy, and in particular transportation. Berkshire already owns the BNSF railroad and the NetJets luxury plane unit, and in January paid $32.1 billion for aircraft parts maker Precision Castparts.  Stock Market Astrology



According to a regulatory filing, Berkshire as of Sept. 30 owned 21.8 million American shares worth $797 million, 6.3 million Delta shares worth $249.3 million, and 4.5 million United shares worth $237.8 million.

Buffett told CNBC television that Berkshire later invested in Southwest, and was disclosing that stake to avoid misleading investors into believing he was avoiding the carrier.        Commodity Trading Tips



It is unclear whether Buffett or one of his deputies, Todd Combs and Ted Weschler, invested in the airlines.

Shares often rise when investors perceive that Berkshire has given them its imprimatur.   Future & Option Trading Tips



Buffett usually handles larger Berkshire investments such as Kraft Heinz Co, Wells Fargo & Co, Coca-Cola Co and International Business Machines Corp.

His Omaha, Nebraska-based conglomerate also owns roughly 90 companies such as BNSF, Geico car insurance and Dairy Queen ice cream.

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