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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: TonyP   😊 😞
Number: of 15071 
Subject: Pilot Thoughts
Date: 02/24/2024 4:40 PM
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Perhaps I am reading something wrong, but it looks as if we paid a significantly lower valuation for the recent 20% of Pilot than we did for the previous 41.4%.

If I go to K-47 and K-83 of the A/R I think we paid $8.2 Billion for 41.4 percent. So implied total valuation roughly $20 Billion

This January we purchased the remaining 20% for $2.6 Billion. So implied total valuation roughly $13 Billion.

I know there are always closing adjustments but that is a pretty steep drop if I did it right.

Tony
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Author: RAS337 ✶  😊 😞
Number: of 15071 
Subject: Re: Pilot Thoughts
Date: 02/24/2024 5:33 PM
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Perhaps I am reading something wrong, but it looks as if we paid a significantly lower valuation for the recent 20% of Pilot than we did for the previous 41.4%.


Rational Walk addressed this under the heading "Dealing with Rascals" in his write-up today: https://newsletter.rationalwalk.com/p/warren-buffe...
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