Goldman Sachs (GS) shares did go as high as $115.65 in Tuesday’s trading before closing down 1.3% at $110.58. What’s so significant about Goldman’s today pps are Warren Buffett’s warrants to buy over 43 million shares of Goldman at $115 each are almost back “in the money.” The warrants don’t expire until 2013, suggesting there’s plenty of time on the ticker to move even higher. Back on September 23, at the height of the crisis, Berkshire Hathaway (BRK-A) (BRK-B) bought $5 billion worth of GS preferred stock. Under the deal the perpetual preferred stock will have a dividend of 10% and is callable at any time at a 10% premium.
By editor Mar 24, 2009, 4:07 PM
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