Buffett Continues to Buy USG Corp

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.]

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