Warren Buffett's Berkshire Hathaway Inc said on Thursday it would purchase the Van Tuyl Group auto dealership, in what the billionaire hinted could be the first of many such purchases as his company extends its longtime bullish view on the U.S. economy.Berkshire Hathaway did not disclose terms of the agreement, but said in a statement that the dealership would be known as Berkshire Hathaway Automotive after completion of the sale."It's reconfirmation of the overarching theme," said Bill Smead, chief investment officer of Smead Capital Management and a Berkshire investor."And that is, he wants to put himself in the way of making a pile of money as the millennials emerge from their extended adolescence into being married parents," starting families of their own. "Domestic, domestic, domestic," Smead said.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.89% or $1829.0/share to $206684.00. In the past year, the shares have traded as low as $163038.00 and as high as $213612.00. On average, 288 shares of BRK-A exchange hands on a given day and today's volume is recorded at 304.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.9% or $1.2277/share to $137.85. In the past year, the shares have traded as low as $108.12 and as high as $142.45. On average, 2920480 shares of BRK-B exchange hands on a given day and today's volume is recorded at 2254756.
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