Monday, May 7, 2007

Buffett wants huge business

Buffett sets sights on buying 'huge' business - May. 7, 2007

Legendary investor says he'd be willing to sell other stocks in order to make a major $5 billion to $20 billion investment.


OMAHA, Neb. (Reuters) -- Warren Buffett on Sunday said he would like to buy a "huge" business for his Berkshire Hathaway insurance and investment company, and would sell other investments to buy it.

"I would hope that something would come along that would force us to sell something that I like to buy (something) huge," Buffett said at a press conference. "We have plenty of things to sell if we needed to, but the cash is coming in faster than the ideas."  (CNNMoney.com)

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