What I learned from 50th Anniversary Berkshire Hathaway Letter

Adam Business, Investing 8 Comments

One of my favorite annual publications came out today, the annual Berkshire Hathaway shareholder letter! Yet again Berkshire had a killer year. Berkshire’s gain in net worth during 2014 was $18.3 billion, which increased the per-share book value of both our Class A and Class B stock by 8.3%. Over the last 50 years (that is, since present management took …

BHP Billiton bumps the dividend

Adam Investing Leave a Comment

  BHP Billiton, one of my favorite, permanent holding companies, reported better than expected earnings today. In an environment in which the prices of all 4 of their primary commodities are in the tank, the company continued to operate admirably. Continued cost cutting and inefficiencies were found (from god know’s where) and the company reduced debt, improving it’s balance sheet.  …

Lorillard (LO) Increases it’s Dividend

Adam Investing 3 Comments

Lorillard, Inc. (LO), the third largest manufacturer of cigarettes in the United States, announced today that its Board of Directors approved a 7% increase in the quarterly dividend on its common stock from $0.615 per share to $0.66 per share.  The dividend is payable on March 10, 2015 to stockholders of record as of March 2, 2015. Those boosts are …

I’m in the liquor business

Adam Investing 4 Comments

I recently opened a position in one of my favorite companies, Diageo (NYSE:DEO) at a price of roughly $112. Most Americans have probably never heard of Diageo, but they (along with Brown-Forman and Pernod Ricard) control the bulk of the major liquor brands that we regularly purchase. Diageo owns Smirnoff and Johnnie Walker, the world’s best selling vodka and whiskey. They also …

More Energy Purchases

Adam Investing Leave a Comment

As I discussed in Energy Purchases Part 1 and Part 2 I believe there are massive amounts of value in the energy sector during the current downturn. My previous purchases were in October so I’m going to keep averaging in at these valuations and yields. Past week or so I’ve added to the positions we mentioned previously in BP and …