Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next
Author: DrtThrwingMonkey Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 214619  
Subject: Re: Rethinking Heinz addition Date: 2/23/2013 5:06 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Just like the GE deal. Extraordinary deal with a money-good OK company. Buffett wasn't interested much in GE before--and hasn't owned it since. Doesn't matter. His INVESTMENT was a Home Run. Just like this Heinz investment IMO. Just like the Bank of America Titanic Home Run Investment---6% a year plus $3 Billion gift horse equity kicker in a year and a half.


Maybe you're getting the GE THRI (Titanic Home Run Investment), with its $3 bn gift horse equity kicker, mixed up with the BAC THRI, with its $5 gift horse equity kicker. Unless you're talking about how far it is in the money now, which would be $5 bn *($11.44/$7.14)= $3 bn in the money at today's prices. So with its 69% return in 18 months, the BAC one is more like a STHRI - Super Titanic Home Run Investment.

Regards, DTM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (12) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

The Story Behind the Story
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement