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Buffett holding huge bullish bet on this controversial stock
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Monday, July 27, 2009
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From Newsmax:

Warren Buffett said he has no plans to soon exercise Berkshire Hathaway Inc's warrants to buy $5 billion of Goldman Sachs Group Inc stock, although he could make a big profit by doing so.

Berkshire got the warrants in September when it also bought $5 billion of Goldman preferred shares, which throw off a $500 million annual dividend.

The warrants let Omaha, Nebraska-based Berkshire buy Goldman common shares at $115 each at any time until October 1, 2013. With Goldman's stock having closed at $165.45 on Thursday, those warrants are worth well over $2 billion.

Buffett is sitting tight.

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Topics: Warren Buffett | Goldman Sachs | Stocks
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