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Home > The BH Death Star strikes again

The BH Death Star strikes again

June 27th, 2013 at 07:37 pm

BH = Berkshire Hathaway (or for those that don't know, think Warren Buffett). Three years ago BH swooped in and bought out my position in BNSF in my Roth IRA (though I used that money to buy stocks that have done exceptionally well). Now they hit my DRIPs, taking out Heinz and taking it private. Due to this attack, today I am depositing a check for over $3,500 for the privilege of "allowing" them to take my stock. :P

I guess I shouldn't complain, as I am ending up with almost double what I have put in over the past 6 years I had the stock, but still... having someone come in and take away a favorite dividend paying stock is a royal pain. Its like the kid that says "its my ball, you can't play". I wish they would consider that there are other people that are trying to retire on stocks, did they have to take everything? Hopefully I can put that money to work well again like the last time the death star struck.

Posted in Rant, Finance | 3 Comments »

3 Responses to “The BH Death Star strikes again”

  1. PauletteGoddard Says:
    June 27th, 2013 at 07:51 pm 1372362673
    1372362673

    My son is still sore about the BNSF acquisition. He is 11. He calls Buffett "the man who makes the children cry."

  2. creditcardfree Says:
    June 27th, 2013 at 08:01 pm 1372363266
    1372363266

    My brother in law asked me to look into BNSF and I had to tell him it had been acquired by BH. He was disappointed. Can you buy into the B shares of Berkshire?

  3. Single Guy Says:
    June 28th, 2013 at 01:51 pm 1372427500
    1372427500

    I guess I could buy BRK.B shares though I'm not interested in doing so at the moment. Maybe I could buy into something like CSX or Norfolk Southern. Previously I took the BNSF money and bought WAB which makes train parts, so I suppose I should take the HNZ money and buy something similar like PG or GIS. I guess I will think on it this weekend.

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