Buffet takes over Harley debt

[Bob]

Billionaire Warren Buffet has agreed to buy USD 300,000,000 of debt from Harley-Davidson. Buffet’s insurance company, Berkshire Hathaway assumes unsecured credit notes – and their 15% interest – to his estimated portfolio of USD 85 billion of corporate debt and stock.

Buffet, 78, prefers to invest in companies with ‘a powerful competitive advantage such as a well-known brand’. Berkshire Hathaway, in managing the portfolio, can charge the debtors interest rates of more than 10%.

Buffet has also invested in global brands such as Mars and General Electric.

[McJim]

Do we know how many cents in the dollar he paid for the debt?

[Skyryder]

HD in debt? Surely not.


Skyryder

[Finn]

Do we know how many cents in the dollar he paid for the debt?

One hundred.

[tri boy]

Buffet is a sly gent.
He purchases shares very quietly, and off market. Bellows about his purchaces to lead gullible investors to bump up the share price as they "become desirable as Mr Buffet is involved", and then sells at a much inproved price off the market as soon as possible.
Technically not illegal, but he sails close to the wind sometimes.

[vtec]

Exactly, Buffett was busy telling everyone to hurry up and buy shares now a couple of months ago, I'm guessing so he could sell up. Limitless desire for power and wealth is a pretty sick thing. Some people don't know when to be happy with what they've got/achieved. He needs to stop trying to rape the economy, and perhaps enjoy his wealth, which would boost the economy. Got nothing against him buying HD debt though.

There will be plenty more carnage on sharemarkets in the next few months/year.