Iran Walks? U.S. Manufacturing Up; Meet the $3.5 Trillion IPO Club!
Let’s check latest in Iran talks as deal appears to stall; manufacturing’s apparent comeback, and sort through the mega IPOs.
$10B Raise Suggests GOOGL Shares are Expensive
I don’t view Berkshire’s $10 billion investment in Google to be meaningful for the share price (of either company).
Here is the press release. 2026 June Alphabet Equity Capital Raise Press Release PDF
Half ($5 billion) of Berkshire’s investment is common stock, paying $351.81/share — or at $25 discount from the close!
The other half ($5 billion) is in capital stock, a preferred (fixed income paper).
Google ($GOOGL) had other options; they are saying their stock is expensive.
This is a very small investment for Berkshire.
And, finally, not likely Warren Buffett’s imprimatur, its probably that of Abel’s… and that is different (this time).
None
Google Authorizes $80B Capital Raise
Break in.
Google ($GOOGL) authorizes a $80 billion capital raise to expand AI infrastructure and compute.
Position: None
AI Trade Sees Remarkable Rotation as Market Concerns Grow
I’m buying two promising biotech names as the market grows more nervous.
May Monthly Roundup: Sell in May? No Way!
We put capital to work in several holdings, booked massive gains on two others, and added a new candidate to the Bullpen.