Quote:
Originally Posted by lamboguy
somebody smart will take them over and re-organize the debt. that's why i suggested maybe Berkshire, because they owe them the money.
one thing for sure, Trump not going to bail them out
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I took a little closer look. Berkshire sold their GE stock last summer, and they haven't re-purchased any shares, according to their latest qtr'ly filing (9/30/17). Berkshire did buy GE's railcar leasing biz a few years ago.
Berkshire's entire fixed-income (corporate) portfolio is very, very modest. Even if GE debt constituted 25% of it, that would represent around 2% to 3% of Berkshire's equity base.
Anyway, how do you know Berkshire has GE debt? I assume Berkshire owns GE commercial paper and perhaps some bonds, but what's your source? And why do you view it as material (implied) to Berkshire?