Warren Buffet Mis-Fired on Scripps

Check out the headline on this Barron’s story about Warren Buffet’s Berkshire Hathaway buy of Scripps stock.

Berkshire Hathaway doesn’t ofetn make bad investments, but the one they made into Scripps, could be one of the bad ones.

The story states, “It’s gotten bad enough that Scripps earlier this year deferred making cash dividend payments on the preferred stock Berkshire owns, as the media company focuses on paying down nearly $3 billion of debt.”

While Warren Buffet might lose a ton of money, thanks to trusting in Scripps, I think Buffet is still doing better than all those people Scripps put out of work.