I just wanna have this on the record.
1. I believe Buffett has been repurchasing shares aggressively, in excess of 10% of daily trading volume.
2. I believe share buybacks will take place as long as prices are at least within 110% of the price when Buffett commented on the buybacks on CNBC (at least until 230 USD).
3. I think both the ”soft trading floor” and the fact that Buffett considers the stock to be significantly undervalued, to be strong reasons for a very significant long position in Berkshire.
I am long, for the first time ever, since shortly after the buyback treshold change.
Right on SwedishValue for going on record, and that is where you money is invested too.
I think WEB and CM will continue to purchase with available cash if the share price continue to rise as long as the IV is well above the share price. So, if BRK in a year is at $250, and BRK has grown IV by another 15%, the margin between the IV and share repurchase price is still good potentially.
This is our current reality, and numbers as SwedishValue has outlined. Fingers Crossed.
Also, we have new variables entering the share price calculus, that we have never had before. That is real cash/share buybacks and fewer shares outstanding for BRK. How long does BRK purchase, how much do they purchase, at what prices do they purchase? What happens to the share price when the rate of repurchase becomes public? What does WEB say publicly about the repurchase? What does WEB and CM say at the SH meeting 5/2019?
Great time to be a Brk shareholder.