Bruce Berkowitz Says Fairholme Has a 'Giant Stake' in Goldman Sachs (GS)
Down)
Speaking at the Value Investing Congress currently going on in Pasadena, Fairholme Capital Management's Bruce Berkowitz has just disclosed that he has a reportedly "giant stake" in Goldman Sachs (NYSE: GS). The fund manager did not give any specific numbers on the size of his stake, however, but told the audience that, according to a Bloomberg headline, "it's the first time I've told anyone" about the stake.
Shares of Goldman initially popped more than 1% on the news but have now fallen as traders have quickly taken profits. The stock last traded at $151.32, up 1.2% from yesterday's closing price.
Shares of Goldman initially popped more than 1% on the news but have now fallen as traders have quickly taken profits. The stock last traded at $151.32, up 1.2% from yesterday's closing price.
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