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Wesco Financial Corporation (WSC) [hlAlert]

Rating:
Buy WSC
down 3.87 %

Wesco Financial Corporation (WSC) rated Buy

Posted on: Sunday,  Feb 3, 2008  10:32 PM ET by Warren Buffet's Berkshire Hathaway Top Holdings

Warren Buffet's Berkshire Hathaway Top Holdings rated Buy Wesco Financial Corporation (AMEX: WSC) on 01/01/2008, when the stock price was
$400.00. Since then, Wesco Financial Corporation has lost 3.88% as of 06/24/2011's recent price of $384.50.
If you would have followed this Warren Buffet's Berkshire Hathaway Top Holdings's recommendation on WSC, you would have lost 3.87% of your investment in 1270 days.

Wesco Financial Corporation is engaged in three principal businesses, through its direct or indirect wholly owned subsidiaries: the insurance business, through Wesco-Financial Insurance Company (Wes-FIC) and engages in the property and casualty insurance business, and The Kansas Bankers Surety Company (KBS) purchased by Wes-FIC in 1996 and provides specialized insurance coverages for banks; the furniture rental business, through CORT Business Services Corporation (CORT), which traces its presence to the combination of five regional furniture rental companies in 1972 and was purchased by Wesco in 2000, and the steel service business, through Precision Steel Warehouse, Inc. (Precision Steel), which was begun in 1940 and acquired by Wesco in 1979. Wesco?s operations also include, through another wholly owned subsidiary, MS Property Company (MS Property), management of owned commercial real estate in downtown Pasadena, California.

Known as "the Oracle of Omaha", Warren Buffett is Chairman of Berkshire Hathaway and perhaps the greatest investor of all time. His wealth fluctuates with the performance of the market, but for the last few years he has been reported to be worth over $40 billion, making him the second richest man in the world. Buffett is a value investor. His company Berkshire Hathaway is basically a holding company for his investments. Last year 2007, Berkshire trounced the S&P's 3.5 percent advance with a gain of 28.7 percent, its best year since 1998. The following is the current Berkshire Hathaway's top holdings. We'll track the holdings that represent more than 1% of the Berkshire Hathaway's portfolio and added together represent about 90% of the portfolio.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/1/2008 4:00 PM Buy
1 year
400.00
as of 12/24/2008
1 Week down  -2.51 %
1 Month up  6.38 %
3 Months up  5.63 %
1 YTD up  4.20 %

(*) Stock Price at the time of the recommendation.
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