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9 months ago

Warren Buffett just bought this stock personally

Anytime Berkshire Hathaway (BRKB) -- the conglomerate run by the Oracle of Omaha -- reveals a new investment, that stock usually goes up. But Buffett rarely makes personal investments outside of Berkshire Hathaway.

He disclosed one on Thursday.

Buffett personally bought 2 million shares of a company called Seritage Growth Properties (SRG). That works out to an 8% stake and makes him Seritage's second-largest shareholder.

Shares of Seritage surged 17% (that's a tongue twister) on the news.

What the heck is Seritage? It's a real estate investment company that was spun off by struggling retailer Sears (SHLD) earlier this year.

Seritage owns 262 retail locations. Most of them are Sears or Kmart stores. (Sears also owns Kmart.) Seritage then leases the properties back to the Sears and Kmart stores.

Related: Warren Buffett to campaign for Hillary Clinton

The company has a joint venture with shopping mall owners Simon Property Group (SPG), General Growth Properties (GGP) and Macerich (MAC) as well.

Sears has been in decline for some time. Sales have fallen every year since 2006 and the company has racked up annual losses since 2011.

But many investors have long thought that Sears did have some valuable real estate and urged the company's CEO -- hedge fund manager Eddie Lampert -- to set up a new company for it.

Sears has also spun off other assets to raise cash, including Sears Canada (SRSC) and everyone's favorite lumbersexual oriented retailer, Lands' End (LE).

Now back to Buffett. Why would he want such a big piece in Seritage? Buffett was not immediately available for comment.

Related: Berkshire's top stocks are dogs this year

But it could be a savvy move just before the company announces a huge dividend for investors.

Seritage is set up as a real estate investment trust, which means it legally has to pay at least 90% of its taxable earnings back to shareholders.

The company said last month when it reported earnings that it expected to declare a dividend by the end of the year.

Related: Kmart's sales have fallen off a gigantic cliff

Berkshire Hathaway famously does not pay a dividend.

But it's no secret that Buffett likes receiving them from his many investments. Berkshire Hathaway has often bought preferred stakes in companies -- investments that usually pay higher dividends to their investors than the common stock.

Buffett may also be making a bet on the U.S. consumer -- although not necessarily Sears and Kmart shoppers. Seritage said last month that 22% of its revenue came from third-party tenants -- i.e. not Sears or Kmart.

That group includes Walmart (WMT), Dick's Sporting Goods (DKS), Nordstrom Rack (JWN) and Lands' End.

And Buffett isn't the only well-known investor making a big bet on Seritage either.

The firm's largest shareholder is Fairholme Capital Management, which is run by the well-regarded value investor Bruce Berkowitz. Hedge fund Citadel is the third-biggest investor.

So the Oracle of Omaha is in pretty good company.

CNNMoney (New York) First published December 10, 2015: 2:27 PM ET

9 months ago

Personal Development: Pictures, Videos, Breaking News

I am starting my own company. I have started my own company. I'm an entrepreneur, solopreneur, enterprising woman, business owner, founder...there are several things you could call me. How about this: I am my own company.

Erin McElroy

Author, Photographer, Changemaker: inspiring and facilitating change. Connect at

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It's almost February 1. Remember those New Year's resolutions you made at the beginning of the year? It's only been just under a month, but have you ...

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Author and expe

9 months ago

Veros Releases Forecast Detail for 2016 Best / Worst Real Estate Metros

SANTA ANA, Calif.--(BUSINESS WIRE)--Now in its 15th year, Veros Real Estate Solutions (Veros), an award-winning industry leader in enterprise risk management, collateral valuation services and predictive analytics, forecasts the vitality and expected market changes of the U.S. residential market for 2016. The company released its most recent VeroFORECAST, a quarterly national real estate market forecast for the 12-month period ending December 1, 2016.

The VeroFORECAST report indicates residential market values will continue their overall upward trend during the next 12 months, with overall annual appreciation rising to +4.4% (from it

9 months ago

Real Estate: Pictures, Videos, Breaking News

Want to add some fab, eco-friendly style to your home but have no time to page through thousands of eBay listings? Then just sneak a peek at my Weekly...

Want to add some fab, eco-friendly style to your home but have no time to page through thousands of eBay listings? Then just sneak a peek at my Weekly...

But one precaution that many health conscious individuals may not even think of when it comes to safeguarding their health is protecting themselves and their families from an invisible gas that often lurks within their own homes: radon.

Jeffrey Seyler

President and CEO, American Lung Association of the Northeast

Want to add some fab, eco-friendly style to your home but have no time to page through thousands of eBay listings? Then just sneak a peek at my Weekly...

This eclectic mix of vintage and antique home auctions caught my discerning eye because of their uniqueness, contemporary feel or highly collectible nature.

Want to add some fab, eco-friendly style to your home but have no time to page through thousands of eBay listings? Then just sneak a peek at my Weekly...

Want to add some fab, eco-friendly style to your home but have no time to page through thousands of eBay listings? Then just sneak a peek at my Weekly...

Want to add some fab, eco-friendly style to your home but have no time to page through thousands of eBay listings? Then just sneak a peek at my Weekly...

I've gone back and forth on if I think my first home purchase was a mistake or a good thing. Only time will tell if my finances wash out, but one thing I did do well was leverage government and city programs to get into my home for almost no money.

You really, really don't want to make mistakes when you buy your first house. It could be a costly error -- even more costly than the time you dropped $10,000 on rare Beanie Babies in the '90s.


Everything worth caring about in food, drink, and travel

I recently turned 30, and it was a big milestone for me. In my 20s, I looked forward to turning 30 because I figured that by then, I'd totally have ...

Sophie Frodsham

Founder of, a networking initiative connecting businesswomen around the globe through blogging, social media, and events.

Want to add some fab, eco-friendly style to your home but have no time to page through thousands of eBay listings? Then just sneak a peek at my Weekly...

Want to add some fab, eco-friendly style to your home but have no time to page through thousands of eBay listings? Then just sneak a peek at my Weekly...

Earlier this year, my wife and I closed on our house in Houston. While she's a previous homeowner, this is my first go-round. And I'm lost. Part of my uneasiness is leftover PTSD from seeing my savings account slashed by a cashier's check, but most of it stems from knowing that everything within those walls is my obligation.

Brent Stoller

Writer, devoted Texas Longhorn and disciple of the Synagogue of Seinfeld

It doesn't matter if you're searching homes for sale in Fort Lauderdale, FL, or Philadelphia, PA. Type "how much house can I afford" into a Google sea...


We make finding a place to live easy and enjoyable.

Want to add some fab, eco-friendly style to your home but have no time to page through thousands of eBay listings? Then just sneak a peek at my Weekly eBay Roundup of Vintage Home Finds.

9 months ago

Canadian Barbecue Guru Mixes Business with Brisket

HOUSTON--(BUSINESS WIRE)--In his day job, Ron Shewchuk is a business consultant who helps organizations communicate better with their employees. In his spare time, hes built a second career as his alter-ego, Rockin Ronnie, international barbecue champion and bestselling cookbook author.

A few years ago Shewchuk had a crazy idea to combine his lifelong passions for outdoor cooking and indoor business communications. The result: a combination multi-course meal and keynote address called Everything I Know About Communication, I Learned From Barbecue.

Shewchuk is bringing his smoke-infused business wisdom to Houstons famed Armadillo Palace on February 26, where hell deliver his talk to the local chapter of the International Association of Business Communicators. His visit is timed 67 steps review to coincide with The Worlds Championship Bar-B-Que Contest, the first big event of the Houston Livestock Show and Rodeo.

If famous motivational speakers and self-help gurus can use mountain climbing or sailing or soup to bring home their messages about making life and business better, says Shewchuk, why not use backyard cooking?

In what he calls a communication cookout, Shewchuk serves up his winning grilled and barbecued dishes using each course of the meal to illustrate a message about how cooking is a lot like communication.

Fresh asparagus, seared for just a minute on a hot grill and served with a squeeze of lemon and drizzle of olive oil, becomes a metaphor for the simplicity and power of face-to-face communication. The contents of a tasty grilled quesadilla serve to illustrate the importance of having the right content in this case, the cheese filling represents information to meet the needs of todays employees. And the traditional cuts of meat featured in a barbecue contest chicken, pork ribs, pork butt and brisket become the four personality types found in every workplace.

The session is a delicious and fun way to get some important messages across about what businesses can do to improve communication with their employees, says Shewchuk, who first brought his sizzling session to a global conference of business communicators in Vancouver, British Columbia. His talk was one of the highest-rated sessions of the conference.

Shewchuk is delighted to be taking his unique show on the road. As a barbecue competitor, Im thrilled to come to Houston, which is home to one of the worlds biggest barbecue contests. And as a Canadian, I know its a bit of coals to Newcastle, but I cant wait to cook some barbecue for a group of Texans at the Armadillo Palace!

Location: The Armadillo Palace, 5015 Kirby Drive @ Barlett, Houston, Texas

Date: Thursday, February 26, 2009

Lunch event: Registration 11:15, lunch runs from 11:30 a.m. to 1:15 p.m.

Afternoon event: Rons Communications Cookout will be followed by an optional afternoon workshop on employee communication from 1:30 p.m. to tai lopez 3 steps 4:00 p.m.

More information and event details:

Media contact: Tracy Torma, Torma Communications, 713.526.8509

About IABC/Houston

With more than 300 members, IABC/Houston is part of a global network of communications professionals committed to improving organizational effectiveness through strategic communications. IABC/Houston offers a range of local services, including professional development meetings and workshops, member newsletters and awards programs. The chapter also provides an excellent opportunity for local networking with peers. For more information, visit

10 months ago

Kauai finds itself at a bittersweet crossroads

"All you should do is visit Oahu to see that our web traffic is nothing. However he's mindful, too, of the lyrics to a track he recorded in 1999: "This is one island, lots of people, all Kauaian. The major motorway continues to be a two-lane seaside roadway, incorporating a collection of one-lane links that act as de facto restrictions on trip buses and large-scale design west of the Princeville hotel location.

Yet over the previous couple of years, as tourist kicked into high equipment and the island's 63,000 citizens unwind from rebuilding efforts following 1992's damaging Classification 4 Hurricane Iniki, irritation levels have actually swelled like north coast surf throughout a wi

10 months ago

Mike Whitfield Offers Free Bodyweight Workout PDF


He took place to say, I intended to give something back and I knew that a complete bodyweight workout would certainly be best to make sure that any individual could use them, also when they are traveling or don't have the moment to make it to their gym. This bodyweight program is a great deal of fun and also people will certainly enjoy the distinct bodyweight exercises compared with the exact same old push-ups and also sit-ups. People will certainly be stunned at exactly how well they can function up a sweat via the bodyweight cardio workouts without needing to step foot on a treadmill or elliptical. This bodyweight workout routine uses a variety of innovative workouts as well as techniques that every person will take advantage of. However much more notably, any person that utilizes this program will certainly discover how you can slim down utilizing merely bodyweight workouts.

Bodyweight Lantern, a dean graziosi agent finder brand-new 4-day-per-week program that makes use of a variety of sophisticated bodyweight exercises and bodyweight conditioning, was just introduced to Whitfields dean graziosi subscribers as a thank-you for being a reader of his web site.

Mike is providing this away complimentary right here at

Mike Whitfield, who has shed an amazing 105 pounds, discloses an innovative new bodyweight program called, Bodyweight Torch that uses new and unique bodyweight workouts and also even more. This is the most exciting bodyweight program Ive ever assembled for any individual who desires to slim down yet does not have accessibility to any sort of devices, stated Whitfield.

10 months ago

Real Estate : Pictures, Videos, Breaking News

Each state sets their own repossession laws as well as procedures. They normally, with a couple of variations, are either based upon non-judicial or judicial practices.

Scott Yancey

TELEVISION character, entrepreneur, genuine estate investor, top quality business owner and also writer.

Are you a flat capitalist, or do you intend to be? Bank of America has released their 2015 Patterns in Customer Mobility Record. Although the basic ...

It's been the busiest December I have actually experienced. But it wasn't long before the bill was criticized as anemic as well as a missed possibility to go large.

Neglect the Champs Elysees. Normally, after Thanksgiving, the

10 months ago

Allison Transmission Holdings Inc (ALSN.N) Insider Trading

NameAgeSinceCurrent Position582007Chairman of the Board, Head of state, Chief Executive Officer492007Chief Financial Policeman, Executive Vice President, Treasurer, Aide Secretary642014Senior Vice Head of state - Global Advertising and marketing, Sales and also Service592014Senior Vice Head of state, Product Engineering real estate audio books free and Item Teams642012Senior Vice President - Operations as well as Purchasing442007Vice President, General Advice, Secretary592007Vice dean grazios Head of state - High quality as well as Reliability652010Vice President - Defense Programs622014Director2015Director2015Director632013Independent Director572007Independent Director662007Independent Director712007Independent Director662010Independent Supervisor

11 months ago

In Defense of Chocolate Diamonds

A couple of weeks ago, in the run-up to Valentines Day, we saw a lot of articles about jewelry in the consumer press. The Washington Post wrote about the enduring appeal of A Diamond Is Forever. GQ ran a how-to piece on buying an engagement ring. And Jezebel chocolate diamonds blogged about Chocolate Diamonds.

Ive never taken issue with anything Ive read on Jezebel. I consider myself a feminist, and I admire opinionated writing by intelligent women. So I was surprised by how much Dodai Stewarts rant about the marketing of brown diamonds annoyedme.