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Forest River parent company sits on $100 billion cash

Forest River parent company sits on $100 billion cash

OMAHA — It’s a milestone Warren Buffett probably wishes he weren’t approaching. Berkshire Hathaway, the conglomerate he’s run for more than five decades, reported Friday that it held just shy of $100 billion in cash at the end of the second quarter, Bloomberg reported.

Berkshire Hathaway owns RV manufacturer Forest River which, itself, owns Coachmen, Dynamax, Palomino, Prime Time and Shasta.

While that figure highlights the staggering money-making ability of the businesses he’s collected over the years, it’s also a burden. Because Berkshire doesn’t pay a dividend and rarely buys back its own stock, Buffett is on the hook to find ways to invest those funds.

The full story is available at Bloomberg.

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About Greg Gerber

Greg Gerber is a freelance writer and podcaster who has been writing about the RV industry since 2000. He is the former editor of RV Daily Report and can be reached at greg@rvdailyreport.com.

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