As of February 2017, Berkshire Hathaway’s (BRK-B) stock had risen 6.9% over the past month and 25.1% over the past year.
In 4Q16, Berkshire Hathaway’s manufacturing business reported revenues of $11.7 billion, as compared to $8.6 billion in 4Q15.
In 4Q16, Berkshire Hathaway’s (BRK-B) railroad revenues fell to $5.3 billion, as compared to $5.4 billion in 4Q15.
BHE posted revenues of $4.24 billion in 4Q16, as compared to $4.21 billion during the 4Q15.
Berkshire Hathaway saw underwriting revenues rise YoY in 4Q16 to $13.7 billion on GEICO, Primary Group, and Reinsurance.
Berkshire Hathaway missed the analyst estimate for EPS but reported net income of $6.3 billion, as compared to $5.5 billion in 4Q15.
The S&P 500 started March 1 on a stronger note and maintained its strength throughout the day. The S&P 500 VIX Index fell 0.4% to 12.49 on March 1.
The S&P 500 Consumer Discretionary sector fell 0.65% and drove the market lower. Signet Jewelers, Target, and Dollar General were the top losers.
After rising to all-time high price levels on Monday and starting the week on a stronger note, the S&P 500 pulled back on February 28.
In 4Q16, IBM reported diluted EPS (earnings per share) of $4.73.
In 4Q16, US (SPY) (QQQ) (VFINX) real GDP grew at an annual rate of 1.9% compared to a 3.5% rise in 3Q16.
On May 16, 2016, Berkshire Hathaway (BRK) took a new stake worth $1.0 billion in Apple (AAPL).
Warren Buffett’s first piece of investment advice is “don’t try to time the markets.”
The market’s focus shifted to President Trump’s speech to Congress on February 28. On Monday, six of 11 major market sectors in the S&P 500 closed positive.
In February 2017, 12 of the 17 analysts covering Ares Capital, or ~71%, have rated it as a “buy” or a “strong buy.”
Ares Capital’s (ARCC) net DE (debt-to-equity) ratio had fallen to 0.75x as of December 31, 2016, compared to 0.71x in the previous quarter.
Ares Capital stock has risen ~11.7% over the past six months. The company saw a strong performance in 4Q16 on higher deployment, stable yields, and expense management.
Ares Capital has consistently enhanced its exposure to second lien debt in a bid to generate higher yields. In 4Q16, its second lien debt made up 33% of its new commitments.
After ending its Senior Secured Loan Program (or SSLP) with GE Capital, Ares Capital (ARCC) is successfully building up a new senior direct lending program (or SDLP).
Ares Capital’s (ARCC) portfolio totaled $8.8 billion at fair value on December 31, 2016. Its total assets stood at $9.2 billion.