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NEW YORK - Berkshire Hathaway Inc , the conglomerate built by billionaire investor Warren Buffett, could be overvalued, Barron's reported on Sunday.
Barron's estimates that Berkshire is worth about $130,000 a share, about 10 percent below the current level.
Because of its high price relative to its book value and earnings, Berkshire shares could be "dead money for at least a year," the investor weekly said.
Barron's said American International Group , Wells Fargo , and American Express may be better values in the financial sector.
Wall Street is waiting for Buffett's next move, and insurance broker Marsh & McLennan might appeal to him, Barron's said.
Berkshire stock closed on Friday at $143,000, up 38 percent from its 12-month low of $103,800 hit on February 27.
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