No. of Recommendations: 7
Nice summary by today’s Kingswell...
kingswell.io - Berkshire hathaways q3 earningsI especially liked the update on Pilot!
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“Pilot might be shedding its problem child status.
The travel center network’s pre-tax earnings came in at $183 million, a dramatic turnaround from the $17 million loss a year ago. Revenue jumped 48.4%, driven largely by higher fuel prices and slightly higher retail fuel volume.
And Pilot’s bottom line could have looked even better. The quarter included a $116 million loss tied to an unnamed business disposition that closed on November 2. After a little sleuthing, this appears to be the sale of Pilot Water Solutions — a water-disposal unit operating in the oilfield services sector — to Select Water Solutions.”
ciao
