BUSINESS

Berkshire Hathaway Shares Fall After Barron's Says Sell

03/28/2008 02:45 am ET | Updated May 25, 2011

Berkshire Hathaway shares fell as much as 5 percent today to $134,050 each, after a cover story in Barron's over the weekend recommended, "Sell Buffett: Sorry, Warren, Your Stock's Too Pricey." Berkshire closed Friday at $143,000.

While Barron's acknowledges Buffett and Berkshire have "dodged the mortgage and credit problems" afflicting so many financials and Buffett's "star has never been brighter," writer Andrew Bary concludes, "The Street's enthusiasm ... might be excessive."

Taking its cue from Buffett's own value-oriented way of looking at potential investments, Barron's says Berkshire "now appears overpriced, reflecting a sizable premium for the skills of the 77-year-old Buffett."

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