On December 31, 1998, the Boring Portfolio made its second trade under new management, selling shares of TCBY Enterprises (Nasdaq: TBY) and buying shares of Warren Buffett's Berkshire Hathaway (NYSE: BRK.B). For the full rationale to the trades, please see the TCBY sell report and the final collection that constitutes the Berkshire buy report.
ACTION # STOCK PRICE COMS'N CASH RCD/PAIDSold 600 TBY $6 5/8 $18.09 $3,956.91 Bought 6 BRK.B $2,295 $18.00 $13,752.00
05/19/98 - Buy Announcement
On May 20, 1998, the Boring Portfolio stepped out into the sun and bought TCBY -- yes, the sun was hot so the Bore bought yogurt. The Borefolio purchased 400 shares of TCBY Enterprises (NYSE: TBY), the largest manufacturer-franchiser of frozen yogurt in the world. For the reasoning behind the purchase, please see the TCBY buy report.
ACTION # STOCK PRICE COMS'N TOTAL COST Bought 400 TBY $10 $18.00 $4,018.00