Warren Buffett and Harley-Davidson

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Jul 082016

I am quoted in the Omaha World-Herald on Berkshire Hathaway’s $303 million, five year, 15 percent term loan to Harley Davidson in 2009:

“I do not believe Buffett is having any second thoughts in his arrangement with Harley-Davidson,” said David Kass, a Berkshire shareholder and business professor at the University of Maryland. “He is probably very pleased with his 15 percent loan, which he perceived as having very little risk.”


 Posted by at 6:36 am

Brexit and the Stock Market

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Jul 052016
I am quoted in a Washington Post article on Brexit and a global markets retreat:
“There is still a negative re­action to the Brexit vote, which certainly surprised pundits, pollsters and the prediction markets,” said David I. Kass, a professor of finance at the University of Maryland. “Today, the markets are being more reflective that Brexit will have a negative impact on world markets, at least in the short run, especially in the U.K. and Europe.”
“Interest rates will stay low and stimulate the economy,” Kass said. “But by interest rates being constrained, large-bank profits are being held back. It reduces profit margins.”

 Posted by at 10:52 pm

8 Ways to Celebrate July 4 With Stocks

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Jul 042016

U.S. News & World Report has published “8 Ways to Celebrate July 4 With Stocks”.   I am quoted as follows:

Kraft Heinz Co. (ticker: KHC)

With barbecues firing up and people headed outdoors over the July 4 weekend, there will be plenty of demand for condiments and food. Kraft Heinz makes ketchup and mustard, Oscar Meyer meats and Ore-Ida French fries, so it hits a few popular products. It also has some savvy investors backing it. “Berkshire Hathaway (BRK.A, BRK.B) and 3G Capital each own about 25 percent of the company. The remaining 50 percent of its outstanding shares are publicly traded. This is a very well-run company with a dividend of about 3 percent,” says David Kass, a professor at University of Maryland’s Robert H. Smith School of Business.

Anheuser Busch (BUD)

Americans drink a lot of beer on July 4. In fact, Americans spent $1.4 billion on beer alone for the holiday in 2014, according to Nielsen. Anheuser Busch is even changing the labeling on its flagship beer cans this summer from “Budweiser” to “America,” Kass says. “Beer will be very popular at July 4 weekend cookouts. This well-managed publicly traded company is planning to merge with SABMiller and has a dividend of 3 percent.”

 Posted by at 9:42 am