According to The Wall Street Journals "Heard on the Street" column, investors that dumping Berkshire Hathaway (BRKA, BRKB) shares may regret the move. For one thing, the prospective selling by the foundations is unlikely to seriously hurt the stock. Just as important, anticipation that Mr. Buffett will at some point no longer be involved in the co has been an increasing concern in recent years and seems fully baked into the stock's price, which is relatively attractive. That gives Berkshire investors a margin of safety to deal with any weakness the selling from charities could create. "In the long term I don't think it would do anything to the stock price," says shareholder Haruki Toyama, of Toyama Capital Mgmt. "It doesn't inherently change the value in the co."
According to the Barron's Online, Six Flag (SIX) nonexecutive Chmn shelled out $3m to boost his holdings in the co's stock. Daniel Snyder purchased 500K shares for about $5.92 per share after the stock plunged more than 26% last Fri following the co's announcement that an EBITDA shortfall may put the amusement-park operator in default of its bank credit agreement. Snyder's purchase last week boosted his holdings to 11.4m shares, or 12.1% of Six Flags' outstanding shares.
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