Mon, May 07, 2012 - Page 10 News List

Buffett plays down health concern

Reuters, OMAHA, NEBRASKA

“[The] stock is a home run over the next five years,” said Bill Smead, chief investment officer of Smead Capital Management in Seattle.

Berkshire did not repurchase shares in the first quarter, and Buffett said he would be comfortable repurchasing stock at a price of 1.1 times book value, and perhaps higher.

Buffett also said Berkshire may buy more newspapers. It owns the Buffalo News, just bought the hometown Omaha World-Herald, and is a longtime shareholder of Washington Post Co.

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