Money and Finance
- Berkshire's Book Value And Share Repurchases
At the end of Q3, Berkshire Hathaway’s book value stood at $111,718 per Class A equivalent share, or $74.48 per B share. Remember that Mr. Buffett can buy back stock at 110% of book value, a price he believes significantly undervalues Berkshire. So...
- Buffett Mystique Hasn't Boosted Berkshire
I’m a few days late getting to this. I think a key to keep in mind is that Buffett thinks Berkshire is significantly undervalued and willing to buy back shares at any price below 1.1x book value. Warren Buffett's towering stature among investors...
- Berkshire Struggles With Being Ignored
Thanks to Barry for passing this along.By Warren Buffett's reckoning, his company had a good 2011. But you would hardly know it to look at Berkshire Hathaway Inc.'s stock price. When Mr. Buffett releases his annual letter to shareholders on Saturday,...
- Berkshire Hathaway's New Share Repurchase Program - And What It Means - By Whitney Tilson
This morning Berkshire Hathaway issued a press release announcing an open-ended share repurchase program. This is a bold statement by the world’s savviest investor, Warren Buffett, who is saying a number of important things, not only to Berkshire shareholders,...
- Berkshire Hathaway Authorizes Repurchase Program
OMAHA, Neb.--(BUSINESS WIRE)-- Berkshire Hathaway Inc. (NYSE:BRK.A - News)—Our Board of Directors has authorized Berkshire Hathaway to repurchase Class A and Class B shares of Berkshire at prices no higher than a 10% premium over the then-current book...
Money and Finance
Berkshire Hathaway buys back $1.2 billion of Class A stock
With the share repurchase ceiling increased to 120% of book value, Berkshire can now buy back A shares up to a little over $134,000 per share, and B shares up to a little over $89 per share.
Berkshire Hathaway Inc (BRK-A) spent $1.2 billion buying back 9,200 of its Class A shares from the estate of a long-time investor, Warren Buffett's conglomerate said on Wednesday.
Berkshire, which operates a variety of companies in the insurance, energy, rail and utility sectors, bought the shares at a cost of $131,000 apiece and may buy more stock in the market at prices up to 120 percent of book value.
The stock repurchase was authorized by the board of directors, which raised the price limit for Berkshire's repurchases to the 120 percent of book value level.
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Related previous post: Berkshire's book value and share repurchases
Related link: T2: An Analysis of Berkshire Hathaway (updated)
- Berkshire's Book Value And Share Repurchases
At the end of Q3, Berkshire Hathaway’s book value stood at $111,718 per Class A equivalent share, or $74.48 per B share. Remember that Mr. Buffett can buy back stock at 110% of book value, a price he believes significantly undervalues Berkshire. So...
- Buffett Mystique Hasn't Boosted Berkshire
I’m a few days late getting to this. I think a key to keep in mind is that Buffett thinks Berkshire is significantly undervalued and willing to buy back shares at any price below 1.1x book value. Warren Buffett's towering stature among investors...
- Berkshire Struggles With Being Ignored
Thanks to Barry for passing this along.By Warren Buffett's reckoning, his company had a good 2011. But you would hardly know it to look at Berkshire Hathaway Inc.'s stock price. When Mr. Buffett releases his annual letter to shareholders on Saturday,...
- Berkshire Hathaway's New Share Repurchase Program - And What It Means - By Whitney Tilson
This morning Berkshire Hathaway issued a press release announcing an open-ended share repurchase program. This is a bold statement by the world’s savviest investor, Warren Buffett, who is saying a number of important things, not only to Berkshire shareholders,...
- Berkshire Hathaway Authorizes Repurchase Program
OMAHA, Neb.--(BUSINESS WIRE)-- Berkshire Hathaway Inc. (NYSE:BRK.A - News)—Our Board of Directors has authorized Berkshire Hathaway to repurchase Class A and Class B shares of Berkshire at prices no higher than a 10% premium over the then-current book...