Somehow our post on this never got published, so we're going through and attaching the recent Tiffany's news as well. If you've missed it, Warren Buffett earlier was buying $300 million of Harley Davidson's (HOG) bonds in a private transaction. And, yet again, Buffett has secured an awesome deal for himself with ridiculous interest rates.
Now, much more recently, via ZeroHedge, we see that Buffett has bought $250 million worth of 10% Notes in Tiffany's (TIF) that mature in 2017 and 2019. Buffett has been busy buying American icon brands and if I were a wagering man I'd say that trend is likely to continue as he puts money to work in a time when he sees great opportunity. Hell, he had even mentioned possibly buying back Berkshire stock.
Monday, February 16, 2009
Warren Buffett Buys Tiffany's and Harley Davidson Bonds
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