"Famed billionaire Warren Buffett's Berkshire Hathaway Inc. picked up a pricey bauble this Valentine's week, $250 million of Tiffany & Co. debt. Tiffany & Co. is still the world's second-largest retailer of luxury jewelry but like many retailers, especially those in the jewelry business, it took a deep hit over the past holiday season. With its stock share price falling and lower sales numbers, the Buffett boost provides much-needed insulation in an unsure world.
Buffett has been buying up debt everywhere lately on companies as varied as Harley-Davidson and Sealed Air Corp., the makers of Bubble Wrap. Bonds on this debt pay between 10 and 15 percent. The Tiffany bonds are at 10 percent and half of the bonds will mature in 2017, the rest two years later. Tiffany will use the money to repay debt and regroup in a time that has seen other jewelry retailers including Whitehall and, just last week, Fortunoff, fall into bankruptcy. In the last year or so much of Tiffany's strategy has involved opening smaller stores and creating more entry-level sterling silver pieces. Last March before the economic crisis really got into full spin, I questioned whether these stores and this merchandise represented a dilution of the Tiffany brand. Given the prevailing winds of change, Tiffany could decide to reverse course, open fewer stores this year and strengthen its luxury reputation or it could continue on the current track and hope that consumers with less money to spend will still want a little piece of Tiffany."
Information Courtesy Of: Luxist.Com
Read More About Warren Buffet Here: Buffetsecrets.Com
CHRIS LIVE AKA SHAKER SAYS: They do not call this man the "Oracle of Omaha" for nothing my friends. Multi-Billionaire titan of industry Warren Buffet has made a career of shrewdly purchasing debt ridden, under valued companies and assets, streamlining those acquisitions and cakin' up while the rest of the world is still waking up!
Yes, he adheres to that time honored Illuminati banker Baron Von Rothschild adage (that I have quoted here before) that Y.O.U., "Buy when there's blood in the streets, even if that blood is your own". Such intrepid contrarian investments on Buffet's part are a major reason why a single share in his Berkshire Hathaway Inc. holdings company usually hovers somewhere around $80,000 OR better. One word of interest in a company from this mentor and personal advisor to Barack Obama and stock markets around the globe react and bend to his will. Whoa! Y.O.U. don't understand.
If it don't make dollars it don't make sense to the Livestyle Board of Review. See, my disdain for the feckless following of trends transcends fashion and music and, as master mogul Warren Buffet does so superlatively, can be applied to all walks of life - including money. The homie Warren "The Wallet" (my personal nickname for him ... lol) has substantial (READ: majority) holdings in the millions of dollars in such diverse companies as American Express, Coca-Cola and, now, has just added a good portion of legendary luxury accoutrement manufacturer Tiffany & Co. to the tune of $250 million to his portly portfolio. Oh yeah, he flat out owns GEICO ... yeah, he gets it in ... lol.
Obviously, as mere mortals we cannot currently make such expensive and relatively risky purchases, but, as I have stated previously on this very blog, we should ALL be on the look out for investment opportunities, steals and deals that we can manage during these troubled financial times. Y.O.U. know the motto my nig: Scared money don't make money! Let's get it.
Yes, he adheres to that time honored Illuminati banker Baron Von Rothschild adage (that I have quoted here before) that Y.O.U., "Buy when there's blood in the streets, even if that blood is your own". Such intrepid contrarian investments on Buffet's part are a major reason why a single share in his Berkshire Hathaway Inc. holdings company usually hovers somewhere around $80,000 OR better. One word of interest in a company from this mentor and personal advisor to Barack Obama and stock markets around the globe react and bend to his will. Whoa! Y.O.U. don't understand.
If it don't make dollars it don't make sense to the Livestyle Board of Review. See, my disdain for the feckless following of trends transcends fashion and music and, as master mogul Warren Buffet does so superlatively, can be applied to all walks of life - including money. The homie Warren "The Wallet" (my personal nickname for him ... lol) has substantial (READ: majority) holdings in the millions of dollars in such diverse companies as American Express, Coca-Cola and, now, has just added a good portion of legendary luxury accoutrement manufacturer Tiffany & Co. to the tune of $250 million to his portly portfolio. Oh yeah, he flat out owns GEICO ... yeah, he gets it in ... lol.
Obviously, as mere mortals we cannot currently make such expensive and relatively risky purchases, but, as I have stated previously on this very blog, we should ALL be on the look out for investment opportunities, steals and deals that we can manage during these troubled financial times. Y.O.U. know the motto my nig: Scared money don't make money! Let's get it.
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