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Re: Berkshire Hathaway Business News

Posted: Tue Oct 07, 2014 8:35 am
by BIG-T
Brad wrote:Berkshire Hathaway buys nation's 5th-largest auto dealer

http://www.omaha.com/money/berkshire-ha ... b2370.html" onclick="window.open(this.href);return false;

Steve Jordon / World-Herald staff writer wrote:Berkshire Hathaway Inc. of Omaha said Thursday it would buy Van Tuyl Group, the nation's largest privately owned auto dealership company and the fifth-largest U.S. auto dealership group.


Steve Jordon / World-Herald staff writer wrote:When the sale takes place next year, the 62-year-old company will be renamed Berkshire Hathaway Automotive. Current CEO Larry Van Tuyl will become chairman and Jeff Rachor will be CEO.


One dealer in Omaha-Village Pointe Toyota
One dealer in Lincoln- Husker Auto group

Re: Berkshire Hathaway Business News

Posted: Thu Apr 16, 2015 9:33 am
by skinzfan23
Sounds like they are expecting between 42,000 and 44,000, which would make it the most attended in the company's history. Also for the first time the exhibition hall is going to open from 12 - 5 pm on Friday May 1st.

Re: Berkshire Hathaway Business News

Posted: Thu Apr 16, 2015 9:48 am
by Brad
skinzfan23 wrote:Sounds like they are expecting between 42,000 and 44,000, which would make it the most attended in the company's history. Also for the first time the exhibition hall is going to open from 12 - 5 pm on Friday May 1st.


I think they are making a big deal out of the 50th Anniversary.

I got my shareholder passes the other day. We won't be going to the annual meeting, but we will definitely check out the conventions side of things.

Re: Berkshire Hathaway Business News

Posted: Thu Apr 16, 2015 4:36 pm
by bigredmed
We like to play a game with Berkshire. We call it "How Fast is it Free?"

The game goes like this:

For a given meeting, you can buy anything you actually need for the year. In the process, add up the discounts.
Compare the discount total to a cost of a share of your BrkB or more by agreement with all players.

First person to >100% free share of stock wins and gets to pick destination for dinner that night.

You are only allowed to count things you actually need (like you could buy $500 worth of See's candy, but only count it if you actually use that candy (say for business gifts).

Re: Berkshire Hathaway Business News

Posted: Fri Jan 29, 2016 6:32 pm
by iamjacobm
Meeting going to be available over the internet this year. Could have a big impact on the local economy.

Re: Berkshire Hathaway Business News

Posted: Tue Feb 02, 2016 9:20 pm
by Brad
iamjacobm wrote:Meeting going to be available over the internet this year. Could have a big impact on the local economy.


I hope that is a big enough "Event" we still get the big crowds.

Re: Berkshire Hathaway Business News

Posted: Wed Feb 03, 2016 1:39 am
by NEDodger
I'm not too worried. Even though it'll be broadcast online, this is like "Comic Con" to these folks - they want to be there in person

Re: Berkshire Hathaway Business News

Posted: Wed Feb 03, 2016 8:21 pm
by PotatoeEatsFish
Was it last year when Buffet threatened to move the conference due to hotels upping their prices? That still bugs me, no matter where you go hotels are going to do that. So much hometown pride.

Re: Berkshire Hathaway Business News

Posted: Thu Feb 04, 2016 2:06 pm
by Louie
PotatoeEatsFish wrote:Was it last year when Buffet threatened to move the conference due to hotels upping their prices? That still bugs me, no matter where you go hotels are going to do that. So much hometown pride.

I don't recall this. Anyone got a source/story here?

Re: Berkshire Hathaway Business News

Posted: Thu Feb 04, 2016 2:16 pm
by iamjacobm
Its true, we talked about it on here somewhere. Said he was considering moving it to Dallas, he was one of the big proponents of people trying out Airbnb.

http://www.economist.com/news/finance-and-economics/21685502-services-airbnb-are-altering-economics-hotel-business-buffetts

The shareholders’ meetings in Omaha, a Midwestern American city, of Berkshire Hathaway, a financial conglomerate, provide a good illustration. In 1980 12 people showed up to the first one, including the firm’s boss, Warren Buffett. These days, the gathering draws some 40,000, the equivalent of nearly 10% of the city’s population. Omaha’s few hotels have built their business models around this surge, jacking up prices to as much as $400 a night and imposing three-day minimum stays around the one-day event. This has outraged the frugal Mr Buffett, who has threatened to move the conference to Dallas.

Happily, home-sharers have begun to offer some competition. In the three weeks before the 2015 meeting, 1,750 Omaha residents added new properties to Airbnb—the equivalent of three Omaha Hiltons, the city’s biggest hotel. That brought the number of Airbnb listings in the city to 5,000, of which 76% were occupied on May 1st at an average price of $209. Moreover, Airbnb hosts only charged 60% more during the meeting than in days before and after. The surge at hotels was 200% or more.

Re: Berkshire Hathaway Business News

Posted: Mon Feb 08, 2016 8:33 pm
by Mr.Nuke
PotatoeEatsFish wrote:Was it last year when Buffet threatened to move the conference due to hotels upping their prices? That still bugs me, no matter where you go hotels are going to do that. So much hometown pride.

It is posturing at best. As long as he is alive and it remains an "event" it won't move from Omaha. Borsheims and NFM literally do tens of millions in sales that week.

Re: Berkshire Hathaway Business News

Posted: Tue Feb 09, 2016 12:39 pm
by bigredmed
Mr.Nuke wrote:
PotatoeEatsFish wrote:Was it last year when Buffet threatened to move the conference due to hotels upping their prices? That still bugs me, no matter where you go hotels are going to do that. So much hometown pride.

It is posturing at best. As long as he is alive and it remains an "event" it won't move from Omaha. Borsheims and NFM literally do tens of millions in sales that week.


I have been told that Borsheims does 25% of their annual sales on that weekend.

Re: Berkshire Hathaway Business News

Posted: Wed Oct 04, 2017 6:33 am
by nebugeater
Looks like Berkshire Hathaway is going to be selling Gas.


https://www.reuters.com/article/us-pilo ... SKCN1C81C0

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) bought a major stake in Pilot Flying J, the largest U.S. truck stop operator, and said it will become the majority owner in six years, deepening its commitment to the American economy.



Pilot Flying J has more than 750 locations in 44 U.S. states and Canada selling gas, diesel fuel, and convenience goods, and offering trucks more than 70,000 parking spaces and 5,000 diesel lanes.

Re: Berkshire Hathaway Business News

Posted: Thu Jan 11, 2018 11:40 am
by Brad
Several OWH Stories about Berkshire Hathaway:

Berkshire Hathaway adds 2 top executives as vice chairmen, fueling speculation about Warren Buffett's successor

http://www.omaha.com/money/berkshire-ha ... 03ac8.html

5 things to know about Warren Buffett's naming of potential successors

http://www.omaha.com/money/things-to-kn ... 14aca.html

Considered a genius with a sense of humor, new Berkshire Vice Chairman Ajit Jain has added $100B to company value since 1985

http://www.omaha.com/money/buffett/cons ... 8fa6e.html

New Berkshire Vice Chairman Gregory Abel called 'truly innovative' with 'great ideas'
http://www.omaha.com/money/buffett/new- ... a8601.html

How do investors feel about likely Buffett successors? Rise in Berkshire stock seems to indicate a thumbs up
http://www.omaha.com/money/how-do-inves ... 7b099.html

Re: Berkshire Hathaway Business News

Posted: Thu Jan 11, 2018 5:04 pm
by MadMartin8
Brad wrote:Several OWH Stories about Berkshire Hathaway:

Berkshire Hathaway adds 2 top executives as vice chairmen, fueling speculation about Warren Buffett's successor

http://www.omaha.com/money/berkshire-ha ... 03ac8.html

5 things to know about Warren Buffett's naming of potential successors

http://www.omaha.com/money/things-to-kn ... 14aca.html

Considered a genius with a sense of humor, new Berkshire Vice Chairman Ajit Jain has added $100B to company value since 1985

http://www.omaha.com/money/buffett/cons ... 8fa6e.html

New Berkshire Vice Chairman Gregory Abel called 'truly innovative' with 'great ideas'
http://www.omaha.com/money/buffett/new- ... a8601.html

How do investors feel about likely Buffett successors? Rise in Berkshire stock seems to indicate a thumbs up
http://www.omaha.com/money/how-do-inves ... 7b099.html


Wonder how long after Warren steps down/passes/leaves that Berkshire Hathaway's HQ leaves Omaha.

Edit: looks like the OWH reads this forum and answered my question :P

Re: Berkshire Hathaway Business News

Posted: Fri Jan 12, 2018 3:05 pm
by Louie
How many people are employed locally by Berkshire? Its only a few dozen, right? Although the taxes paid by them are big.