By David Wilson - Jul 19, 2012 4:00 PM GMT+1200
Warren Buffett’s Berkshire HathawayInc. (BRK/A) is the best investment for anyone seeking to benefit from ahousing-market rebound, according to Joshua Brown, a vicepresident at Fusion Analytics Research Partners LLC.
The CHART OF THE DAY tracks Berkshire’s Class B stock,which Brown owns for clients of his New York-based firm. Hecited the holding in a posting on his Reformed Broker websiteyesterday, when the Commerce Department reported that new U.S.homes were started at the fastest pace in about four years.
Class B shares have risen 30 percent from last year’s low,set on Sept. 22. The shares are 3.1 percent away from thehighest price since October 2008, before the financial crisisreduced the value of equity investments and derivative contractsowned by Berkshire.
“It’s got the safety of a well-diversified business and ithits the housing market from virtually every angle,” Brown saidin the posting. The Omaha, Nebraska-based company owns insurers,a food distributor, a railroad and a utility, among other units
.
Berkshire’s holdings in Wells Fargo & Co., the largest U.S.mortgage lender, and other banks are among the investments thatstand to benefit from a homebuilding recovery, the posting said.Buffett’s company owns a more than $13 billion stake in WellsFargo, second to Coca-Cola Co. among its largest holdings.
Several Berkshire units are also poised to gain, Brownwrote. Benjamin Moore & Co., a paint maker; Johns Manville, amaker of insulation and roofing materials; and Shaw IndustriesGroup Inc., a carpet producer, are among them. They are part ofa group that generated 17 percent of first-quarter revenue.
To contact the reporter on this story:David Wilson in New York at dwilson@bloomberg.net
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