Buffett Says Berkshire Hathaway has Bought Back ‘a Little’ of Its Stock Since Changing Policy (CNBC)
Berskhire Hathaway Chairman Warren Buffett said the company has bought back some of its shares as it changes the metric it uses to decide when repurchases are a good move. Buffett did not disclose how much stock Berkshire bought back, but he did confirm that he has changed his views. “We bought back a little yeah,” he told CNBC’s Becky Quick during a “Squawk Alley” interview. “We tie it now to intrinsic business value, which we should have done all along but for a while book value was a good proxy. It didn’t fully describe intrinsic value .. it was a reasonable proxy.”
Campbell May Face Proxy War After Sale of International Unit (Bloomberg)
Campbell Soup Co. is divesting its international operations and fresh-food unit, falling short of expectations for a sale of the entire company. Despite pressure from activist investor Dan Loeb to find a buyer amid a three-year sales slump and a sliding stock price, the struggling packaged-food maker will pursue a turnaround plan to ignite soup and snack growth in its key U.S. market, according to a statement Thursday. Campbell is also boosting its cost-cutting target as it tries to slim down. The shares dropped as much 4.5 percent on Thursday, the most in three months.
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Discipline is a Key Reason Why Superstar Investors – Including Buffett and Soros – Are So Successful: AQR (CNBC)
Though Warren Buffett, Bill Gross, George Soros and Peter Lynch hail from different sides of Wall Street, the investing superstars all followed basic rules that helped them succeed, according to AQR Capital Management. In the fifth episode of its new podcast, “The Curious Investor,” AQR said its research revealed that each of them exhibited strict adherence to a select few “factors,” or investment strategies that help account for their stellar outperformance.
Investing Gurus John Overdeck And David Siegel Take the Plunge on Square (SQ) and Amazon (AMZN) Stocks (SmarterAnalyst.com)
Welcome to the world of quant. David Siegel and John Overdeck are two of the founders of the unique, and highly successful, Two Sigma fund. In the second quarter, the billionaires appear to have taken a bullish turn on fintech platform Square (NYSE:SQ) and e-commerce giant Amazon (NASDAQ:AMZN). “We’re not your typical investment manager. We follow principles of technology and innovation as much as principles of investment management,” states the fund. This means placing great emphasis on tools like machine learning and distributed computing. In fact, the fund was founded on the belief that innovative technology and data science could help discover value in the world’s data.
Insider Buying: PayMeOn Inc (OTCMKTS:PAYM) Director Acquires 666,666 Shares of Stock (FairFieldCurrent.com)
PayMeOn Inc (OTCMKTS:PAYM) Director Ronald Joseph Sr. Loricco acquired 666,666 shares of the business’s stock in a transaction on Friday, August 17th. The stock was purchased at an average cost of $0.08 per share, with a total value of $53,333.28. The acquisition was disclosed in a legal filing with the SEC.
Insider Buying: Legacy Reserves LP Unit (LGCY) Major Shareholder Acquires 119,099 Shares of Stock (XNewsPress.com)
Legacy Reserves LP Unit (NASDAQ:LGCY) major shareholder Baines Creek Capital, Llc bought 119,099 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were purchased at an average cost of $4.51 per share, with a total value of $537,136.49. The acquisition was disclosed in a filing with the SEC.
Insider Buying: Appliance Recycling Centers of Amer Inc (ARCI) CFO Purchases 30,000 Shares of Stock (MaconDaily.com)
Appliance Recycling Centers of Amer Inc (NASDAQ:ARCI) CFO Virland A. Johnson acquired 30,000 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was acquired at an average price of $1.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the chief financial officer now owns 260,000 shares in the company, valued at approximately $260,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Insider Selling: Telaria Inc (TLRA) Major Shareholder Sells 113,062 Shares of Stock (FairFieldCurrent.com)
Telaria Inc (NYSE:TLRA) major shareholder Vii Lp Canaan sold 113,062 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $3.53, for a total value of $399,108.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Insider Buying: Obalon Therapeutics Inc (OBLN) Director Buys $99,999.90 in Stock (XNewsPress.com)
Obalon Therapeutics Inc (NASDAQ:OBLN) Director Kim P. Kamdar acquired 54,945 shares of Obalon Therapeutics stock in a transaction on Thursday, August 23rd. The shares were purchased at an average cost of $1.82 per share, with a total value of $99,999.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission.
