No. of Recommendations: 4
My math says approximately 11.134% today
My math says the same thing.
On a good day, Berkshire is selling about 1% of its BAC holdings (8 million of the remaining 864m), and since it still owns just over 10% of the company, that means that on a good day, Berkshire's stake goes down by about 0.1%.
So 110 more 'good' trading days, or maybe 200 more 'average' trading days, to get to zero. If that's the destination. Or perhaps the destination is 400m shares, like KO and AAPL?
No. of Recommendations: 3
Another perspective on the potential sale of BA could involve Todd Combs, who sits on the Board of Directors at JPMorgan Chase. His position likely grants him access to extensive market data and industry insights. As JPMorgan is well-versed in how competitors price deals and shifting market share, Combs might have identified concerning trends. Additionally, given his close relationship with WEB, they probably discuss on Saturday afternoon.
