Most of the shares were bought back in 2015/16 so his entry cost is still well below $100. He is probably adding more as we write - that's his style and his track record speaks for itself.
My purchase price for Apple was $90 (actually around $600 then they did the 7:1) I bought 15 shares (which became 105 shares)! To get it at that price you had to buy before 15/16.
"Buffett first announced Berkshire was buying Apple in February 2017 despite his usual aversion to tech stocks. On Feb. 1, 2017, Apple’s shares were around $129 so the Oracle of Omaha is likely still in the green on the first portion of stock he bought. But Berkshire added to that stake significantly the last two years at likely higher prices."
I wonder if he consoles himself like I do with this old line "Well, at least I'm still collecting dividends". I hope Apple recovers and then some. All our index/Kiwisaver funds have some.
I sold 60% of my Apple shares in August, (see US markets thread from August) sold at the top for once in my life, best deal I ever made, been in since 2011. My 40% remaining are all free shares, still on paper i lost big today which caused me to pause. Buffett would have paid no more than 120$ for them then....they closed at 142$.
im actually short as mentioned earlier on the thread shorted at 2.15 before there last results , went higher after results got a bit worried when it started hitting the 2.20s but all looking good now. its a good hedge
My purchase price for Apple was $90 (actually around $600 then they did the 7:1) I bought 15 shares (which became 105 shares)! To get it at that price you had to buy before 15/16.
"Buffett first announced Berkshire was buying Apple in February 2017 despite his usual aversion to tech stocks. On Feb. 1, 2017, Apple’s shares were around $129 so the Oracle of Omaha is likely still in the green on the first portion of stock he bought. But Berkshire added to that stake significantly the last two years at likely higher prices."
I wonder if he consoles himself like I do with this old line "Well, at least I'm still collecting dividends". I hope Apple recovers and then some. All our index/Kiwisaver funds have some.
"Berkshire Hathaway, which manages assets and investments of more than $500bn, disclosed in a regulatory filing on Monday that it held 9.8m Apple shares as of 31 March." (2016)
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