How high can Berkshire go?

How high can Berkshire go? Wednesday, November 7, 2007

Posted by ei-forum in US Traded Stocks.
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Berkshire (BRK-B) shares are up over 24% since we wrote about them and the attractive share price back in July in our post on Mohnish Pabrai (link).

The question that people keep on asking is just how high can the shares go? But if you talk to anyone about their experiences with the share, most people will tell you that at first, they thought that they would just hold off and wait for better prices but that they eventually ended up buying at higher prices since the price just kept on going up.

Taking into account current market conditions and turmoil, we can think of a lot of worse places for your money. Furthermore, taking into account the fact that at current prices, the ratios are looking better than the past year averages, we see no reason why we couldn’t see – at least – another 10% increase.

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