Fairholme Fund's Berkowitz: Float Makes Burlington Purchase Compelling for Berkshire

Wed, 01/13/2010 - 08:20 EDT - Seeking Alpha

Ravi Nagarajan submits:We have often quoted Bruce Berkowitz’s views on investing in recent months. Mr. Berkowitz is the founder and manager of the Fairholme Fund and was named Morningstar’s United States stock fund manager of the year for 2009. For a good summary of Mr. Berkowitz’s investment philosophy, we highly recommend listening to his September 30 conference call. In November, Mr. Berkowitz briefly commented on Berkshire Hathaway’s (BRK.A) proposed acquisition of Burlington Northern (BNI). In a lengthy interview with Advisor Perspectives that was published Tuesday, Mr. Berkowitz expands on his views regarding the acquisition and specifically cites Berkshire’s unique ability to finance Burlington with low cost float as a key attribute that makes the economics of the deal compelling:Complete Story »

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Fairholme Fund's Berkowitz: Float Makes Burlington Purchase Compelling for Berkshire

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