-
Warren Buffett: America's Best Days Lie Ahead
Monday, March 3, 2014 - 12:07pm | 665Read More...Berkshire Hathaway (NYSE: BRK-B) founder Warren Buffett’s annual letter to stockholders is considered one-part corporate guidance and one-part “investor’s almanac” by many on Wall Street – not just Berkshire shareholders. According to The Wall Street Journal, Buffett’s habit of including a...
-
Warren Buffett on Fox Business: Berkshire Paying Huge Legal Fees to Defend Sokol in SEC Investigation
Friday, May 4, 2012 - 10:28am | 689Read More...Berkshire Hathaway CEO Warren Buffett spoke with FOX Business Network's (FBN) Liz Claman live from Omaha, NE on the eve of the Berkshire Hathaway Annual Shareholder Conference. Buffet said Berkshire Hathaway is “paying significant legal fees every month in the range of 150 to 200 thousand dollars”...
-
Berkshire: What Did Sokol Really Do?
Monday, April 4, 2011 - 10:27am | 416Read More...It's funny how ordinary people are prosecuted for trading on inside information and other similar offenses, but when it comes to top dogs at firms like Berkshire.... not so much. When bankers from Citigroup Inc. met David Sokol late last year to talk about potential transactions, they thought they...
-
Technically, I Didn't Do Anything Wrong…(LZ, BRK.A, BRK.B)
Thursday, March 31, 2011 - 10:37am | 210Read More...Having resigned his position as a top manager at Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B), David Sokol has spent the morning with numerous media outlets protesting his innocence. Yes, he bought 96,0000 Lubrizol (NYSE: LZ) shares less than two weeks before proposing it as a takeover target to...
-
Gabelli Comments On Lubrizol Monday Agreement
Wednesday, March 16, 2011 - 8:51am | 138Read More...In a report published by Gabelli, Lubrizol (NYSE: LZ) announced an agreement Monday to be acquired for $135 per share, or $9.7 bn (including $700 mm of net debt including a recent acquisition and Minority interests) in an all-cash transaction. Gabelli said that the proposed transaction is valued...
-
KeyBanc Downgrades Lubrizol To Hold
Tuesday, March 15, 2011 - 9:27am | 196Read More...In a report published by KeyBanc, Lubrizol (NYSE: LZ) maintains a solid track record of earnings growth, strong free cash flow generation and top tier specialty chemical operating margins. KeyBanc said that it is downgrading its rating on LZ from BUY to HOLD given the recent offer by Berkshire...
-
Deutsche Bank Raises PT On Lubrizol To $140
Tuesday, March 15, 2011 - 7:42am | 28Read More...Deutsche Bank has raised the price target on Lubrizol (NYSE: LZ) from $120 to $140 and maintains its Hold rating.
-
J.P. Morgan Comments On Berkshire Hathaway's Acquisition Of Lubrizol
Tuesday, March 15, 2011 - 7:27am | 197Read More...In a report published by J.P. Morgan, Lubrizol (NYSE: LZ) is to be acquired by Berkshire Hathaway and the price target is increase to $135 from $117. J.P. Morgan said that it believes that it is worthwhile to place the Berkshire proposal to acquire Lubrizol into longer- and shorter-term contexts...
-
Lubrizol Upgraded To Hold
Wednesday, October 6, 2010 - 10:11am | 165Read More...Citigroup is upgrading Lubrizol Corporation (NYSE: LZ) from Sell to Hold, thanks to the pricing power of the company's lubricants. In its research report, Citigroup writes "LZ hosted its analyst day in NYC and focused on improving margins in both Lubricant Additives (~85% of expected 2010 operating...
-
Lubrizol Downgraded To Neutral
Thursday, September 23, 2010 - 10:51am | 23Read More...Lubrizol Corporation (NYSE: LZ) has been downgraded by Hilliard Lyons from Long-Term Buy to Neutral.
