A day after downgrading Berkshire Hathaway, one of Berkshire's largest investments increased 32% with the potential for a lot more upside. In one day Warren and Berkshire made a total of about 1.4 Billion dollars.
Not a bad one day profit right? Of course, who knows what will happen next week. But, this might be a signal that Bank stocks are ripe for a rapid comeback. It could be that they continue to increase as the profits roll in over the next few weeks.
Goldman reports April 14th, and it is rumored that they are considering a stock sale of up to 10 Billion dollars. They would use this money to pay off TARP and rid themselves of the strings attached with TARP and the government oversight they despise. Given the timing of this rumor, it could also signal strong results for Goldman. Beside their rising stock price, the results would have to be strong to justify a stock offering.
Stay tuned.
Posts
No comments:
Post a Comment