Levi’s and T-Shirts Make a Fitting Outfit

Clariant Makes New Dyes For All Clothing Including T-Shirts

USA First Lady To-Be Wears T-Shirts

T-shirt manufacturer parent shares hit $100,000

Wednesday 25th of October 2006 10:50:00 AM

Shares in Berkshire Hathaway, parent of t-shirt manufacturer Fruit of the Loom, hit six figures earlier this week in trading on the New York Stock Exchange.

Stock in the former textile firm traded at $100,000 (£53,000) on Monday, setting a record for the highest share ever listed in the US.

The firm has a market capitalisation of $155 billion and has increased its stock price 5,555 times since Warren Buffett took the firm over in 1965, when shares closed at $18, reports the Wall Street Journal.

Meanwhile, Justin Fuller, an analyst at Morningstar in Chicago, said the stock is around 25 per cent undervalued - he estimates the shares are worth around $129,000 apiece.

Berkshire owns around 50 companies, including Fruit of the Loom, which manufactures underwear, t-shirts, polo shirts and sweatshirts.

The firm has a stake in Coca-Cola, Gillette and the Washington Post, while subsidiaries include Geico Auto Insurance and Helzberg Diamonds.

Find Fruit of the Loom products here

www.polo-shirts.co.uk: leaders in wholesale t-shirts