Wednesday, May 27, 2009

Warren Buffett can Breathe a Sigh of Relief



Whitney Tilson, lead manager of the Tilson Focus Fund, says "Buffett hasn't lost it".

4 comments:

Albert said...

Dave, you see this story about the guy from DSNY going over to Yangaroo?

http://www.newswire.ca/en/releases/archive/May2009/25/c6821.html

Kind of odd, don't you think?

DaveinHackensack said...

Hadn't seen that, Albert, so thanks for the heads-up. I'll ask DSNY next time I speak with them, but I doubt they'll comment on why he left, as companies usually keep mum about personnel issues for legal reasons.

Albert said...

Sure, I understand that. He obviously know the business(es) well enough. I just look at YOO's income statements and balance sheet and don't see how they are going to have any cash after the end of this year. They're on a run rate to burn through basically all their cash left by year end. They only have a couple hundred thousand dollars in revenue per quarter, and where are they going to get the money to continue operating (not to mention financing the patent suit they filed in Wisconsin).

DaveinHackensack said...

OK, just got off the phone with Fred Vandenberg at DSNY. This fellow Ernst's employment with DSNY ended last fall, but other than that, as I expected, Vandenberg didn't have any comment on the circumstances of the end of Ernst's employment with DSNY. Vandenberg was unconcerned by Yangaroo's hiring of Ernst though.