Capital Allocation – The Financials of a New England Textile Mill 1955 – 1985 : [PDF Download]

Summary:

Here on this page, we have provided option to read “Capital Allocation – The Financials of a New England Textile Mill 1955 – 1985 PDF” and please feel free to download PDF file for offline reading it from download link Given below to Your Computer/Mobile Storage. For more books from Same Author You can visit McDonough Publishing, LLC.

Capital Allocation – The Financials of a New England Textile Mill 1955 – 1985- Download PDF Book:

“Diversified Retailing was formed in January 1966 when Buffett, Charlie Munger, and Sandy Gottesman teamed up to buy a department store in Baltimore named Hochschild Kohn.1 Although the company was private, it was still required to file financial statements with the SEC following a public debt offering.

This was the first major investment in which Buffett and Munger were partners. Munger would go o to become Vice President of Berkshire, and both he and Gottesman would serve on Berkshire’s board of directors.

This investment was initially made outside of Berkshire, and instead was made through BPL while the partnership was still in existence. Diversified acquired Hochschild Kohn for $12 million, with half of the funding coming from equity and the other half from debt.

In April 1967, Diversified paid $6 million to acquire Associated Cotton Shops, later named Associated Retail Stores.3 The Associated Retail acquisition was fully funded by debt. Combined, the acquisitions were one-third funded with equity and two-thirds debt.”

PDF Preview – Read, Think and Grow

REPORT THIS:
Our intention with this initiative is only to help needy people. If the PDF file download link is not working or this PDF Content is Copyright material and if you want to unpublish it, Please REPORT IT.