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
Buffett's Latest Bargain: Berkshire Hathaway
For all the adulation he receives, Warren Buffett isn't getting credit where it arguably counts the most: his company's share price. Berkshire Hathaway's Class A shares trade around $128,000 a share. While that's a big number, it's less than 1.2 times the company's book value of $111,718 per share, as of Sept. 30. Berkshire's Class B shares (worth 1/1,500 of the A) fetch around $85.
Berkshire looks appealing because the stock's price/book ratio is near the bottom of its 10-year range and just above a threshold of 1.1 times book at which Buffett has said the company stands ready to repurchase shares. Berkshire (ticker: BRK.A) is sitting on $42 billion of cash—$11.5 billion in the holding company and the rest in its insurance affiliates.
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Related previous post: Berkshire's book value and share repurchases
- 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...