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3 Warren Buffett Stocks to Sell

Berkshire Hathaway has done well in 2013, but it doesn't mean a little second-guessing isn't in order

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Sell No. 3: Dish Network

dish-network-stockFor my money, this third sell has got to be Dish Network (DISH).

There has been talk that DISH could merge with DirectTV (DTV), its much larger satellite competitor, given the recent thumbs up by the federal government for the AMR (AAMRQ) merger with US Airways (LCC).

However, billionaire DISH founder Charlie Ergen, who owns 52% of the company, has a really strong desire to become a telecom player. In other words, the man doesn’t know what he wants his baby to be.

For me, DTV is the true pure-play and the better move in satellite. Why else would Warren Buffett have such a big weighting for DTV (2.37% of equity portfolio vs. 0.03% for DISH) and not Mr. Ergen’s company?

I think we all know the answer to that.

Of course, there’s one other company on the Berkshire roster that just doesn’t jive …

Article printed from InvestorPlace Media, http://investorplace.com/2013/11/3-warren-buffett-stocks-to-sell/.

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