SubscribeAll Posts Tagged With: "goldman"
What’s the Oracle of Omaha Thinking?
Is Goldman Sachs Truly a Value Investment?
You’ve probably heard that the man considered to be the best investor on the planet, Warren Buffett, has decided to invest $5 billion in Goldman Sachs Group Inc (NYSE: GS) in the form of preferred stock and also warrants to buy another $5 billion in common stock.
If he exercises those warrants he would own as much as 10% of the company. So is this another of his renowned shrewd investments? After all, the “Oracle of Omaha” is legendary for being the chairman and CEO of Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B), a conglomerate holding…
26Sep2008 | Oxbury Research | Comments Off | ContinuedCredit Crisis Update: Proposed Bailout Faces Opposition, Wall Street on Sale
As the ongoing effects of the capital markets credit crisis continue to be felt, U.S. government financial leaders urged Congress to make a speedy intervention, while foreign banks capitalized on U.S. distress by snapping up assets at bargain prices.
U.S. markets sank yesterday (Tuesday) as a quick turnaround on the proposed bailout legislation seemed less and less likely as criticism for Paulson’s plan in its current form became more widespread.
At the New York close, all three major U.S. indices had reversed early morning gains to head into the red. The blue-chip Dow Jones Industrial Average Index posted a loss of…
24Sep2008 | Money Morning | Comments Off | ContinuedUBS Embarks on Middle East Expansion
UBS AG (UBS) yesterday (Tuesday), announced it had obtained a license to operate in Saudi Arabia, joining a growing number of financial firms looking to recoup some of the over $400 billion in global write-downs to date by tapping into the oil-fueled wealth creation occurring in the Middle East.
â€With over 40 years’ experience in the region our decision to set up operations in the Kingdom of Saudi Arabia is further evidence of UBS’ long-term commitment to the Middle East and marks yet another important milestone for the firm in this very exciting and significant market,†Chairman and Chief Executive…
9Jul2008 | Money Morning | Comments Off | Continued
Loading ...
