Here is the chart of Goldman Sachs.
It was just on 24 September 2008, Warren Buffett Gives Goldman Sachs A Vote Of Confidence!
- Goldman (GS, Fortune 500) will sell $5 billion of preferred stock to the insurance and investment giant, which will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, the company announced Tuesday. Berkshire (BRKA, Fortune 500) has five years to exercise the warrants.
At around 149.00 plus or minus a buck or two, this would translate to a nice paper gain of 29.5%. Not forgetting the fact that this stake carried a 10% yield dividend.
Of course as can be seen in the above chart when Goldman Sachs sank to 50, Buffett was criticised heavily.
See past posting also: Warren Buffet Talks About Goldman Sachs Investment: Transcript of CNBC Interview
ps: worth a read Spitzer Agonistes Redux
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