Berkshire Hathaway Inc. of Warren Buffet said unrealized losses its IBM stake rose to $2 billion as of September 30, or about 15% of the cost of accumulating the holding.
Buffet said that IBM remains to be profitable and generate significant cash flows. He added, “We currently have no intention of disposing of our investment in IBM common stock. We expect that the fair value of our investment in IBM common stock will recover and ultimately exceed our cost”.
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