NEW YORK, July 12 (Reuters) - Berkshire Hathaway Inc is appealing to investors now due to a strong portfolio of companies and shares that are low on a book-value basis, Barron's newsmagazine reported on Sunday.
Berkshire is attractive since it is selling for just 1.2 times Barron's estimate of current book value of $72,000 a share, the paper said.
Even if the overall stock market drops drastically, Berkshire share declines could be limited because of the 'low' price-to-book ratio and the potential to earn more in the future, said Barron's.
Shares of Berkshire class A shares closed at $85,125 on Friday, while class B shares closed at $2745.
(Reporting by Chelsea Emery; Editing by Diane Craft) Keywords: BERKSHIREHATHAWAY/ (chelsea.emery@thomsonreuters.com; +1 646 223 6000; Reuters Messaging: chelsea.emery.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Berkshire is attractive since it is selling for just 1.2 times Barron's estimate of current book value of $72,000 a share, the paper said.
Even if the overall stock market drops drastically, Berkshire share declines could be limited because of the 'low' price-to-book ratio and the potential to earn more in the future, said Barron's.
Shares of Berkshire class A shares closed at $85,125 on Friday, while class B shares closed at $2745.
(Reporting by Chelsea Emery; Editing by Diane Craft) Keywords: BERKSHIREHATHAWAY/ (chelsea.emery@thomsonreuters.com; +1 646 223 6000; Reuters Messaging: chelsea.emery.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.