4 ms·
Yes, but he sold 30% of IBM at around $180ish for what I assume is a nice hefty profit.
by nodesocket 9y ago
Yes, but he sold 30% of IBM at around $180ish for what I assume is a nice hefty profit.
- adventured 9y agoHis cost basis was $170 [1]. It's a modest profit as a percentage, and he's now close to underwater on his entire investment into IBM due to the drop (the ~$2 billion in dividends he has yielded, may keep him over break-even, unless IBM plunges again). [1] https://www.cnbc.com/2017/01/19/warren-buffetts-ibm-stake-was-in-the-black--briefly.html https://www.cnbc.com/2017/01/19/warren-buffetts-ibm-stake-wa...
- valuearb 9y agoPretty sure he's not losing sleep over where IBM is today. If he still owns it, he's still bullish on it.