Warren Buffett’s Berkshire Hathaway (BRKa) (BRKb) continues to load up on USG Corp (USG) stock this week. Two SEC filings indicate that Buffett added 567,218 shares on Monday (8/21/06) and 390,200 on Tuesday (8/21/06) as the price of USG dropped below $46. Berkshire Hathaway now holds 15,959,292 shares of USG. I won’t be surprised to find out that Buffett purchased more shares on Wednesday since USG also dipped below $46 that day.
Obviously at this point Warren Buffett thinks USG Corp is a fat pitch at prices below $46. I wonder how long he will continue purchasing USG when it drops below $46. For now, I’m pretty excited to have Warren Buffett backing my purchase of USG stock.
[Full Disclosure: I own shares of USG.]