Buffett Buys Glaxo Shares


	Buffett Buys Glaxo Shares

Matthew Herper

2-15-2008 7:42 AM

407 views

Matthew Herper says:

Berkshire also bought big stakes in Kraft and Wells Fargo.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6de94343-9ef9-454b-910d-8c09ca0e0b64/C5A4FD3C-1BC2-4C32-8645-FF438647B912/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://bloomberg.com/apps/news?pid=20601202&sid=ayvHduUHvNHU&refer=healthcare" href="http://bloomberg.com/apps/news?pid=20601202&sid=ayvHduUHvNHU&refer=healthcare" style="font-size: 11px;">bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bloomberg.com/apps/news?pid=20601202&sid=ayvHduUHvNHU&refer=healthcare"><P> Buffett, the second-richest man in the U.S., is often
mimicked by investors who follow his stock picks. Using that
strategy for the past 31 years would have delivered annual
returns of about 25 percent, double the return of the Standard &
Poor's 500 Index, according to an academic study. The index
declined 3.8 percent in the fourth quarter.    
        </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bloomberg.com/apps/news?pid=20601202&sid=ayvHduUHvNHU&refer=healthcare"> Berkshire, based in Omaha, Nebraska, also disclosed a stake
in drugmaker GlaxoSmithKline Plc, with 1.51 million American
depositary receipts. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://bloomberg.com/apps/news?pid=20601202&sid=ayvHduUHvNHU&refer=healthcare"><P> ``Warren Buffett is having a field day,'' said Frank Betz,
who helps manage $800 million, including Berkshire shares, at
Carret Zane Capital Management in Warren, New Jersey. ``He's
always looking, but now he's seeing things that meet his
standards'' at reduced prices.    
        </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C5A4FD3C-1BC2-4C32-8645-FF438647B912/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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