| FYI: Calculating that Obama reportedly bought $50K of Baxter stock in 2005, that would equal approx 1420 shares at $35 per share. Running the math on the last 13 reported Dividends would equal approximately $6,000 in Dividends that Obama would have received from Baxter. That's NOT accounting for any additional purchases he (Michelle, or on behalf of his children) may have made as he got closer to election time in 2008 or since. It may not sound like much compared to his H1N1 program and ObamaCare, but if he profited ANY via insider trading, it could be very damning — another nail in the coffin. So ... what OTHER Medical Industry stocks does Obama, his wife or kids (via a Custodial account) own? |
From what I quickly found Obama has shares in Berkshire mutual funds. Interesting Buffett is purchasing medical devices that Obama wants to tax?
http://blogs.wsj.com/financial-adviser/2009/11/03/whats-next-for-warren-buffett-after-railroad-deal/
The only new position Buffett has in his last filing is:
- Becton Dickinson (BDX), a maker of medical devices. It trades for 13x earnings. Return on equity is 23%. Buffett also owns Johnson & Johnson (JNJ), which is of course in the medical-device space. Just like Buffett started with BNI and then added Kansas City Southern (KSU) and Union Pacific in the space to his holdings, I wouldn’t be surprised to see Buffett add to BDX but also buy shares in competitors Abbott Laboratories (ABT) and Baxter International (BAX).
Buffett’s next big bet is clearly health care, given an aging baby boomer population. If you wanted to piggyback on Buffett you could get JNJ and BDX but I’d also consider ABT and BAX. Buffett also owns GlaxoSmithKline (GSK) and Sanofi-Aventis (SNY) which are both dead center in the middle of the flu vaccine craze.
Don’t chase the transportation stocks today but look at the bigger picture of what Buffett is doing.