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Warren Buffett MidAmerican Energy Investment

Warren Buffett MidAmerican Energy Investment. Why Warren Buffett invested in MidAmerican Energy. Buffett acquired 76% of MidAmerican Energy for $2 billion in 1999. MidAmerican Energy is a utility company based in Iowa. Investments such as MidAmerican Energy are examples of investments in companies that generate stable but not spectacular returns. They have high capital expenditure […]

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Warren Buffett General Re Investment

Warren Buffett General Re Investment. Why Warren Buffett invested in General Re and eventually acquired it in 1998. In one of the largest deals in history, Buffett acquired General Re for $22 billion in Berkshire stock in 1998. The purchase price represented a 29% premium to General Re’s closing price. The all-stock nature of the […]

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Warren Buffett NetJets Investment

Warren Buffett NetJets Investment. Why Warren Buffett invested in NetJets. This Warren Buffett investment is one of Warren’s favorites; flying on jets is one of his few ‘guilty pleasures’. Buffett acquired NetJets for $725 million in 1998, with 50% in cash and 50% in stock, after having been NetJets’ customer for three years. The company […]

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Warren Buffett Dexter Shoe Investment

Warren Buffett Dexter Shoe Investment. Why Warren Buffett invested in Dexter Shoe, and why he later came to regret this investment. Buffett acquired Dexter Shoe in 1993 with $420 million worth of Berkshire stock. Dexter made $40 million in pre-tax earnings then from selling popular-priced men’s and women’s shoes. Warren Buffett Investment in Dexter Shoe […]

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Warren Buffett Wells Fargo Investment (NYSE:WFC)

Warren Buffett Wells Fargo Investment. Why Warren Buffett invested in Wells Fargo. Buffett bought 1.6% of Wells Fargo in 1989 and another 8.4% in 1990, at less than 5x after-tax earnings and less than 3x pre-tax earnings. His average buy-in price was approximately $58 a share – this would later become one of Buffett’s best […]

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Warren Buffett US Air Investment (NYSE: LCC)

Warren Buffett US Air Investment (NYSE: LCC). Buffett regretted this US Air investment later; it was one of his few forays into the airline industry. In 1989, Buffett purchased $358 million of US Air preferred with 9.25% dividend, mandatory redemption in 10 years, and right to convert into common at $60 a share. Structuring as […]

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Warren Buffett Gillette Investment (NYSE: G)

Warren Buffett Gillette Investment. Why Warren Buffett invested in Gillette (NYSE: G). Described as one of ‘The Inevitables’, this was one of Warren Buffett’s favorite investments. The Gillette Company merged into Proctor & Gamble in 2005, but until then traded as an independent listed company on the New York Stock Exchange. The Gillette Company was […]

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Warren Buffett Borsheim’s Investment

Warren Buffett Borsheim’s Investment. Why Warren Buffett bought Borsheim’s, a reputable jeweler based in Omaha. This again showed the large variety of businesses Warren Buffett is interested in. Borsheim’s has now become one of the must-go destinations for visitors to Omaha, especially during the annual Berkshire Weekend in May. Buffett bought an 80% interest in […]

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Warren Buffett Investment in Fechheimer

Warren Buffett Investment in Fechheimer – why Warren Buffett invested in Fechheimer, a seemingly ‘boring’ company that makes uniforms. Fechheimer specializes in making uniforms for the police, fire, postal service, train and EMS departments. Brands it is known by include Flying Cross and Fechheimer. Buffett acquired 84% of Fechheimer for $55 million in 1986. The […]

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Warren Buffett Investment in Scott Fetzer

Why Warren Buffett invested in Scott Fetzer. The Warren Buffett Investment in Scott Fetzer is one that Buffett highlighted in his letters to shareholders – it was another quick deal for Warren Buffett, who liked the high return on invested capital Scott Fetzer earned. Buffett acquired Scott Fetzer for $320 million in 1985. Scott Fetzer […]

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