Poor Buffet.. Must be pissed off
Buffett's words of praise for GE and Goldman were featured prominently in the announcements of Berkshire Hathaway's $5 billion investment in Goldman on September 23 and its $3 billion injection into General Electric on October 1.GE shares have dropped almost 10 percent since just before the news hit, and they were down almost 17 percent at Monday's 11-year low of $19.69. Even in the hours after Buffett's endorsement, GE had to price its $12 billion common stock offering below the market.
Buffett's words of praise for GE and Goldman were featured prominently in the announcements of Berkshire Hathaway's $5 billion investment in Goldman on September 23 and its $3 billion injection into General Electric on October 1.GE shares have dropped almost 10 percent since just before the news hit, and they were down almost 17 percent at Monday's 11-year low of $19.69. Even in the hours after Buffett's endorsement, GE had to price its $12 billion common stock offering below the market.