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Wednesday, November 13, 2013

Warren Buffett, Julian Robertson Gain Big with Dish Network’s Stock Surge

Warren Buffett, chairman and CEO of Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) and Julian Robertson, the legendary hedge fund manager and founder Tiger Management gained big from their investment on Dish Network Corp (NASDAQ:DISH) after the stock price of the company surged by 6% to $50.33 per share today.
The shares of Dish Network climbed after the satellite-television service provider generated strong financial results for the third quarter. The stock also moved higher after Charlie Ergen, chairman of the company commented that the idea of a potential acquisition remained on the table.
Buffett owns 547, 312 shares of Dish Network, and acquired its stake in the company at an average price of $38.94 per share in the previous quarter. Based on the current trading price of the stock, Buffett earned about$11 per share or approximately $5.7 million from his investment.

On the other hand, Robertson owns 443,000 shares of Dish Network, and acquired his stake in the company at an average price of $38.94 last quarter. He also gained around $11 per share or approximately $4.85 million from his stake in the company.
 http://www.opptrends.com/2013/11/warren-buffett-julian-robertson-gain-big-with-dish-networks-stock-surge/
Warren Buffett

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