{"id":197648,"date":"2010-01-19T02:00:00","date_gmt":"2010-01-19T07:00:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-8850689618553818052"},"modified":"2010-01-19T02:06:23","modified_gmt":"2010-01-19T07:06:23","slug":"bloomberg-utv-buffett-wants-to-buy-more-posco-shares","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/197648","title":{"rendered":"BLOOMBERG UTV: Buffett wants to buy more Posco shares"},"content":{"rendered":"<p><!-- AddThis Button BEGIN -->SEOUL: Warren Buffett wants to buy more shares in Posco, South Korea\u2019s biggest steelmaker said, citing a meeting with the chairman of Berkshire Hathaway Inc.<\/p>\n<p>Buffett \u201cholds about 3.9 million shares to 4 million shares of Posco and will increase the holding,\u201d the Pohang- based steelmaker said today in an e-mailed statement, citing Buffett after a meeting with its Chief Executive Chung Joon Yang in Omaha.<\/p>\n<p>\u201cI should have bought more Posco shares when the stock price declined in the economic crisis last year,\u201d said Buffett, according to Posco\u2019s statement. Berkshire didn\u2019t immediately respond to a message left with Buffett\u2019s assistant Debbie Bosanek.<\/p>\n<p>Buffett\u2019s intention to add Posco shares underscores expectations for a rebound in steel demand from carmakers and builders. Asia\u2019s most profitable steelmaker plans to raise production by 17% this year, and will almost double capital spending to a record to invest in new plants and a mine to expand.<\/p>\n<p>Omaha, Nebraska-based Berkshire owns 5.2% of Posco, according to its Feb. 28, 2009 annual statement. Buffett called the mill the \u201cbest steel company in the world,\u201d according to the Posco statement.<\/p>\n<p>Posco shares rose 1.3% to 606,000 won at 12:38 p.m. in Seoul, outperforming a 0.2% advance in the benchmark Kospi index.<\/p>\n<p><cite class=\"tagline\"><br \/><\/cite><br \/><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; Stockmarket &amp; Business commentary<br \/><a href=\"http:\/\/shareinvestornz.blogspot.com\/2007\/02\/new-zealand-business-news.html\">Share Investor New Zealand Business News<\/a>&#8211; Get more business news<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a href=\"http:\/\/shareinvestorforum.com\/ucp.php?mode=register&amp;sid=450a61250472e03fa25c205c9c1723f1\"><strong>Register<strong><\/strong><\/strong><\/a> free<br \/><a href=\"http:\/\/www.currency-market.blogspot.com\/\">Share Investor&#8217;s Daily Forex Updates<\/a><\/p>\n<p><span style=\"font-weight: bold;\">Recommended Amazon Reading<\/span><\/p>\n<table id=\"searchResults\" cellspacing=\"0\">\n<tbody>\n<tr class=\"clsEven\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/1416573186\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/41ZkoqL3OTL._SL75_.jpg\" alt=\"Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/1416573186\">Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage<\/a> by <span class=\"by\">Mary Buffett<\/span><br \/>Buy new:        $16.47       \/ Used from:        $15.70<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<tr class=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0966446127\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/315%2BfrL4YuL._SL75_.jpg\" alt=\"The Essays of Warren Buffett: Lessons for Corporate America, Second Edition\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0966446127\">The Essays of Warren Buffett: Lessons for Corporate America, Second Edition<\/a> by <span class=\"by\">Warren E. 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Buffett \u201cholds about 3.9 million shares to 4 million shares of Posco and will increase the holding,\u201d the Pohang- based steelmaker said today in an e-mailed statement, citing Buffett after [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-197648","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/197648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=197648"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/197648\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=197648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=197648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=197648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}