Lubrizol for dollar 9 billion Buffett pulls Trigger

Berkshire to Buy Lubrizol

Japan tsunami and the earthquake in Japan and the northeastern coast of thousands of deaths and led to what is expected that billions of dollars in damage. This has raised fears of a slowdown in the third world. Oil prices fell 58 cents to 100.56 dollars a barrel, and the central bank of Japan pumped a record $ 184 billion in money market accounts to encourage bank lending.

Lubrizol revenues over the last three years were as follows: 2010 $ 5,417,000,000, $ 4,586,000,000 in 2009 and 2008, $ 5,027,000. In those years, the result of net income "are as follows: 2010 732200000 for $ 500,800,000 U.S. dollars in 2009, 2008 - $ 66,100,000.

If you add the debt of books, a lot will be about 9.7 billion U.S. dollars. Warren has just said to have itchy trigger finger. This commercial just came sooner than expected.

Thomson Reuters EPS estimate for 2011 EPS and $ 11.31 from $ 12.48 for 2012, the company trades at less than 12 times expected earnings this year and is trading at less profit forecast 11-times 2012 .

Buffett snuck in and grabs a small number of companies to the second here. Even all-time high in this business can not wait for a guy who would rather pay an expensive premium to buy the troubled company a solid company on the cheap.