Texas, Berkshire Hathaway, Berkshire discussed on Motley Fool Money


Parent company of encore electric delay livery stay with me ron which is the biggest operator in the state of texas this is we feel like we've seen this movie before this one more investment in the energy that berkshire hathaway's making i think this makes sense encore expands the portfolio of berkshire hathaway's energy ceo greg able who is very often discussed as the potential successor to buffet so we see his fiefdom in creasing earnings from energy already was about nine percent of berkshire's overall earnings this will add love may be bout 400 500 million they're coming out of bankruptcy it's hard to exactly gauge how profitable there be but encore will be around four hundred million dollar profitable company adding to the about two billion dollars of energy earnings have berkshire currently has so make sense of some hurdles here the federal bankruptcy court obviously has to approve this and then there's some regulatory hurdles of florida utility owner next year's bid to buy oncourt earlier this year had been disavowed i'm so they had to go back to the drawing board lord i think berkshire will probably work this out and they'll move forward so you mentioned greg able have this part of this story does seem to be for those were trying to read the tea leaves of who will eventually succeed warren buffett is your berkshire hathaway this seems like a vote of confidence for him i i would agree and he is a a very strong operator very strong ceo and i ding berkshire would be in good coming up a big merger in the shopping world and a few stocks on our radar spirit here this was molly fourmonth visit let it.

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