Buffett sells energy, buys drugmaker stocks

[mgt23]

http://money.cnn.com/2009/08/14/news/co ... /index.htm

NEW YORK (CNNMoney.com) -- Investor guru Warren Buffett bought up millions of shares of health care and drugmaker stocks in recent months while shedding energy shares, according to a Friday filing with the Securities and Exchange Commission.

In his biggest acquisition of the second quarter, Buffett's Berkshire Hathaway (BRK.A) investing company added nearly 4 million shares of drug and consumer product maker Johnson & Johnson (JNJ, Fortune 500), bringing his tally to nearly 37 million shares.

Buffett also bought 1.2 million shares of laboratory equipment company Becton Dickinson & Co. (BDX, Fortune 500) He did not hold shares in this company in the second quarter.

The Omaha, Neb.-based investor sold off nearly 7 million shares of energy producer ConocoPhillips (COP, Fortune 500). But he still held more than 56 million shares of the oil company.

He also sold 14.8 million shares of utility operator Constellation Energy (CEG, Fortune 500), which accounted for his entire stake in the company.

In other large sell-offs, Buffett unloaded more than a million shares of each of the following companies: Home Depot (HD, Fortune 500), Wellpoint (WLP, Fortune 500) and United Health Group (UNH, Fortune 500).

[rmstock]

This surely sounds as Sugar Uncle Warren Buffett bailed out a couple
very important friends of his from the Big Pharma Cartels.

Stock Paper from the Energy sector of course earns the biggest
bang per leaf, which allowed him to keep some Energy Paper in
Reserve.

[abduLMaria]

Buffett projects this genuine "aw shucks, i bought a textile company and ended up a multi-billionaire" down-home real-guy attitude ... still living in the same home as when he was a working guy.

I wonder how much of the US government's & Israel's criminality he is aware of.  He seems like a smart guy, he plays bridge with Bill Gates, which probably takes some good memory skills.  He's got to be aware at least the the US government had foreknowledge of 9-11.

His meeting with US government officials at Orfutt Air Force Base on 9-11 - i sure would like a tape of that conversation.