Buffett Hints At Large Deals In Annual Letter

Buffett Hints At Large Deals In Annual Letter
(Undated) -- Investing giant Warren Buffett is hinting that his company will make more large deals comparable to last year's purchase of the H.J. Heinz Company. In Buffett's annual letter to Berkshire Hathaway stockholders, the 83-year old pointed to the Heinz deal and said that it created a template that may be used to create "future acquisitions of size." Buffett also pointed to a five-point-six-billion dollar purchase by MidAmerican Energy and said it would not be the last big acquisition by the Berkshire subsidiary. This weekend's annual report from Berkshire Hathaway showed the company with a record profit of 19.5 billion dollars in 2013, up 32-percent from the previous year.