Stock Ownership Question

PoBoy · #1 (**permalink**) 04-23-06, 03:51 PM

If I owned just one share of XYZ stock, would I be able to attend the quarterly or annual meeting, tax deductable ? Room, meals & travel ? I should be able to, since I am a partial owner. Right ?

WizTrader · #2 (**permalink**) 04-23-06, 07:57 PM

yes, you can.

Stocktrading101 · #3 (**permalink**) 04-24-06, 01:30 PM

Quote:

If I owned just one share of XYZ stock, would I be able to attend the quarterly or annual meeting, tax deductable ? Room, meals & travel ? I should be able to, since I am a partial owner. Right ?

Definately can! People buy one share of Berkshire Hathaway just so they can meet Warren Buffet and hear him speak. IMO, it is probably worth the $90k!

WizTrader · #4 (**permalink**) 04-24-06, 08:41 PM

Quote:

Originally Posted by Stocktrading101

Definately can! People buy one share of Berkshire Hathaway just so they can meet Warren Buffet and hear him speak. IMO, it is probably worth the $90k!

I thought it was 82,000?

Stocktrading101 · #5 (**permalink**) 04-29-06, 12:11 PM

(checks Berkshires last price...)

Last trade: $89,000

http://finance.yahoo.com/q?s=brka

You are right though, looking back 5 days ago or whatever it was trading around $85k a share. Just nuts!

Always bullish on Buffett!

WizTrader · #6 (**permalink**) 04-29-06, 02:01 PM

I thought they sold a sort of level 2 stock at 2160 something?

roy3433 · #7 (**permalink**) 04-29-06, 03:04 PM

Quote:

Originally Posted by Stocktrading101

(checks Berkshires last price...)

Last trade: $89,000

http://finance.yahoo.com/q?s=brka

You are right though, looking back 5 days ago or whatever it was trading around $85k a share. Just nuts!

Always bullish on Buffett!

haha he's always a investing GOD~

FirstConsul · #8 (**permalink**) 04-30-06, 05:18 AM

Quote:

Originally Posted by WizTrader

I thought they sold a sort of level 2 stock at 2160 something?

They issued B-shares(BRK/B) a while ago in the 1990s.
This was due to some shareholders complaining about unable to give away Berkshire shares as a gift while claiming a full tax benefit, due to their price being above $10000.
This was also due to many small unit trusts being created to draw money to invest in BRK(it's like an ETF that owns BRK shares) because a BRK-A share was too high.
Thus, he issued B-shares, each with an economic interest 1/30th of an A share.
A shares can be transformed into B shares, but the process cannot be reversed.