Home › Home ›

Berkshire Hathaway Drops to 2003 Levels

Submitted by Todd Sullivan on Sun, 02/22/2009 - 22:27.
in
Warren Buffett

Proof that in this market no one is safe. Even Warren Buffett's Berkshire Hathaway (NYSE:BRK.A), (NYSE:BRK.B) is taking a beating

Berkshire shares sank Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and U.S. banks.

Berkshire's Class A shares fell as much as 6.2 percent to their lowest level since August 2003, before regaining some ground after the White House said it strongly believed the U.S. banking system should stay in private hands, and not be nationalized. Still, Berkshire's market value has fallen more than $115 billion in fewer than 15 months,

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary


Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details