Berkshire Hathaway (NYSE:BRK) disclosed its long-awaited Schedule 13F/HR today containing Warren Buffet's latest holdings. Among other things, the document showed that the Oracle of Omaha has loaded up on Dow Jones shares while hiding his stake in two railroad companies.

The Schedule 13F/HR statement showed new stakes in Bank of America (NYSE:BAC) and Dow Jones (NYSE:DJ). The famous investor also raised his stakes in several companies, including Johnson & Johnson (NYSE:JNJ), Nike Inc. (NYSE:NKE), Proctor & Gamble (NYSE:PG), US Bancorp (NYSE:USB) and others. Buffet appears to be bullish on banking stocks while taking a short-term position in Dow Jones despite his bearish sentiment on the newspaper business.

Interestingly, Warren Buffet decided to request permission from the SEC to not disclose its railroad holdings in Union Pacific (NYSE:UNP) and Norfolk Southern (NYSE:NSC). These requests are somewhat standard for Buffet given his widespread notoriety, but still led to much speculation as to his plans for the companies. Railroads have become a target for many investors as many remain substantially undervalued.

In the end, Warren Buffet's list of holdings continue to have an impact on investors. Watching Berkshire Hathaway's Schedule 13F/HR and Form 4s can be extremely useful in tracking the activity of the famous investor. You can setup free email and RSS alerts to track his holdings and more at SECFilings.com!

Unisys Corporation (NYSE:UIS) is set to move higher today after MMI Investments filed to boost its stake in the company above 10 percent but not more than 15 percent. The Hart Scott Rodino Antitrust Act required the activist hedge fund to seek permission before making its purchase, which gives investors a chance to jump on the opportunity.

Unisys is a worldwide technology services and solutions company whose consultants assist clients with general consulting, systems integration, outsourcing, infrastructure, and server technology. The company's stock is currently trading at $7.53 slightly off of its 52-week high earlier this year of $9.70.

A glance at the financials shows that the company is trading slightly below enterprise value with a P/E multiple of 17x - below the industry's 24x. It is also worth noting that the company has approximately $520 million - or $1.49 per share. This has led to speculation that MMI may be interested in unlocking value for shareholders through a special dividend or share repurchasing using the company's substantial amount of cash.

Unfortunately, the company faces negative quarterly growth, a paltry 1.78% ROA and a -19.83% ROI. These numbers point to a company that is struggling to operate cleanly and efficiently and that is also facing problems extracting revenues from its customers. As a result, MMI may have to work to help the company turn itself around before any value can be had from the company's pile of cash. However, this situation is definitely one worth watching!

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Metromedia Inc. (OTC:MTRM) shares rose marginally today after Fursa reiterated its plee that shareholders refrain from tendering their shares to an existing $1.80 per share buyout offer because they are planning on offering $2.05 per share - a 14% premium. Here is a copy of their letter:

Dear Metromedia Stockholder:

We at Fursa Alternative Strategies (“Fursa”) would like to take this opportunity to reiterate our proposal to acquire Metromedia International Group, Inc. (“Metromedia”) for $2.05 per common share. Our due diligence process is well under way, and we anticipate finishing shortly.

We strongly urge all Metromedia stockholders NOT to prematurely tender their shares, and that those who have tendered withdraw their shares until Fursa can complete the due diligence and finalize its offer. If CaucusCom Ventures L.P. and CaucusCom Mergerco Corp (“CaucusCom”) receive fewer shares than required to satisfy the Minimum Condition (as defined in the merger agreement), they are required to extend their tender offer under the terms of the merger agreement, and cannot terminate the merger agreement. Holding your shares will provide Fursa with the opportunity to complete its due diligence process, and it will provide you with the opportunity to review all information regarding Fursa’s superior $2.05 per share cash proposal.

Fursa’s proposed tender offer is superior to the offer from CaucusCom, in that Fursa’s proposal of $2.05 per common share represents a 14% premium over CaucusCom’s $1.80 per share cash offer, while keeping all other terms and conditions, including, without limitation, the same structure (tender offer with a backend merger), representations, warranties, covenants and conditions.

Furthermore, Fursa is highly confident in its ability to obtain the necessary financing for a transaction.

Thank you very much for your support. We look forward to finalizing our offer soon.

Sincerely,

William F. Harley, President

Clearly shareholders stand to benefit if Fursa is successful in either succeeding in its own $2.05 bid or forces the other bidder to up their bid. This makes MTRM a stock worth watching!

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