3 Elephant-Sized Deals Buffett Should Consider

Few investors have as impressive a long-term track record as Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Over the past 55 years, Buffett has led Berkshire to an average annual per-share market gain of 20.3%, which works out to 2,744,062%, in aggregate. That's well over 2,700,000% better than the comparable return from the S&P 500, including dividends.

But one thing that has Wall Street befuddled of late is the Oracle of Omaha's unwillingness to put Berkshire Hathaway's cash to work. Though Buffett's company does have a 46-security investment portfolio, Berkshire has also fully acquired five dozen companies over many decades. It's been more than four years since Buffett and his team last made a sizable acquisition.

According to Buffett, there just haven't been any attractively priced businesses. Additionally, the Oracle of Omaha has previously stated that any future deals would have to be elephant-sized and move the earnings needle. As a result, Berkshire Hathaway's cash hoard now sits at an all-time high of $137 billion.

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Source Fool.com