Warren Buffett’s Berkshire Hathaway has the cash to buy Tesla, Starbucks, or McDonald’s after the coronavirus sell-off
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- Warren Buffett’s Berkshire Hathaway can afford almost any of America’s public companies following the coronavirus sell-off.
- The billionaire investor’s conglomerate held $125 billion in cash and short-term investments at the end of December.
- Berkshire’s cash pile exceeds the market capitalizations of more than 450 companies in the S&P 500, more than 80 in the Nasdaq 100, and 11 in the Dow 30.
- Ignoring all other factors, Berkshire could afford McDonald’s ($125 billion), Boeing ($102 billion), Tesla ($97 billion), or Starbucks ($82 billion).
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Warren Buffett’s Berkshire Hathaway can afford to buy almost any of America’s public companies after coronavirus fears decimated their market capitalizations in recent weeks.
The famed investor’s conglomerate boasted $125 billion in cash, cash equivalents, and short-term investments in US Treasuries at the end of December. Assuming that figure hasn’t changed, and looking purely at market caps — ignoring whether a purchase would be feasible, sensible, or even legal — Berkshire could buy one of more than 450 companies in the S&P 500, more than 80 in the Nasdaq 100, and 11 in the …continued .
[Source: Business Insider]