{"id":212431,"date":"2010-01-22T01:23:00","date_gmt":"2010-01-22T06:23:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-1129504507740624806"},"modified":"2010-01-22T01:27:49","modified_gmt":"2010-01-22T06:27:49","slug":"the-chosun-llbo-buffett-denies-plans-to-buy-more-posco-shares","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/212431","title":{"rendered":"THE CHOSUN LLBO: Buffett Denies Plans to Buy More POSCO Shares"},"content":{"rendered":"<p><!-- AddThis Button BEGIN -->Billionaire investor Warren Buffett has denied a POSCO press release saying he plans to buy more shares in Korea&#8217;s largest steelmaker. POSCO put out the press release on Tuesday saying the &#8220;sage of Omaha&#8221; is willing to increase his holding from the current four million shares or 4.5 percent.<\/p>\n<p>The press release was put out after POSCO chairman Chung Joon-yang met Buffett at the influential investor&#8217;s firm Berkshire Hathaway in Omaha, Nebraska on Tuesday. It led to three straight days of gains on the bourse for POSCO, but shares plunged on the heels of Buffett&#8217;s denial.<\/p>\n<p>Asked whether the press release is true, <a href=\"http:\/\/everythingwarrenbuffett.blogspot.com\/2010\/01\/cnbc-video-becky-quick-one-on-one-with.html\">Buffett told business channel CNBC on Thursday<\/a>, &#8220;I said that I like the company a lot. I wished I had bought more when it was a lot cheaper within the past year. It got way down in terms of price. It&#8217;s a wonderful company, but I don&#8217;t have plans to buy more. If it went down significantly, I might very well buy more. Certainly I have no plans to sell any.&#8221;<\/p>\n<p>Asked if that was lost in translation, Buffett answered, &#8220;Yes, it was.&#8221; POSCO said the misunderstanding was &#8220;a matter of nuance&#8221; and added it did not think Buffett &#8220;has changed his mind.&#8221;<\/p>\n<p><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=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/51hlhRX908L._SL75_.jpg\" alt=\"The Snowball: Warren Buffett and the Business of Life\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\">The Snowball: Warren Buffett and the Business of Life<\/a> by <span class=\"by\">Alice Schroeder<\/span><br \/>Buy new:        $13.60       \/ Used from:        $11.85<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<tr class=\"clsEven\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0060555661\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/41rcIrKhYiL._SL75_.jpg\" alt=\"The Intelligent Investor: The Definitive Book on Value Investing. 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A Book of Practical Counsel (Revised Edition)<\/a> by <span class=\"by\">Benjamin Graham<\/span><br \/>Buy new:        $14.95       \/ Used from:        $10.44<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><iframe loading=\"lazy\" border=\"0\" marginheight=\"0\" marginwidth=\"0\" src=\"http:\/\/rcm.amazon.com\/e\/cm?t=sharinve-20&amp;o=1&amp;p=7&amp;l=ez&amp;f=ifr&amp;f=ifr\" style=\"border: medium none ;\" frameborder=\"0\" height=\"40\" scrolling=\"no\" width=\"260\"><\/iframe><\/p>\n<div><script type=\"text\/javascript\">var addthis_pub=\"shareinvestor\";<\/script><br \/><a name=\"data:post.title\" id=\"data:post.url\" onmouseover=\"'return\" onmouseout=\"addthis_close()\" onclick=\"return addthis_sendto()\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/s7.addthis.com\/static\/btn\/lg-share-en.gif\" alt=\"Bookmark and Share\" style=\"border: 0pt none ;\" height=\"16\" width=\"125\" \/><\/a><script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/200\/addthis_widget.js\"><\/script><\/div>\n<p><!-- AddThis Button END --><\/p>\n<div class=\"blogger-post-footer\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1811166043296468\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 60;\ngoogle_ad_format = \"468x60_as\";\ngoogle_ad_type = \"image\";\ngoogle_ad_channel =\"\";\n\/\/--><\/script><br \/>\n<script type=\"text\/javascript\"\n  src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/3087194156628161158-1129504507740624806?l=everythingwarrenbuffett.blogspot.com' alt='' \/><\/div>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/d__k-HmO70hH8ft6FSQhj0lPnnk\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/d__k-HmO70hH8ft6FSQhj0lPnnk\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/d__k-HmO70hH8ft6FSQhj0lPnnk\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/d__k-HmO70hH8ft6FSQhj0lPnnk\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/EverythingWarrenBuffett?a=c2Bnh_7La8c:PlJdC7QmTCI:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/EverythingWarrenBuffett?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/EverythingWarrenBuffett\/~4\/c2Bnh_7La8c\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire investor Warren Buffett has denied a POSCO press release saying he plans to buy more shares in Korea&#8217;s largest steelmaker. POSCO put out the press release on Tuesday saying the &#8220;sage of Omaha&#8221; is willing to increase his holding from the current four million shares or 4.5 percent. The press release was put out [&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-212431","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/212431","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=212431"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/212431\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=212431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=212431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=212431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}