Author Topic: Buffett buybacks: Could Berkshire tender stock?  (Read 196713 times)

Mephistopheles

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #500 on: March 10, 2020, 03:30:12 PM »
Very unlikely Buffett is buying back stock. Too many bargains around

He has enough cash to buy back stock at a certain % of daily trading volume (whatever the max without moving the price) AND buy other things.


John Hjorth

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #501 on: March 10, 2020, 05:48:29 PM »
Very unlikely Buffett is buying back stock. Too many bargains around

He has enough cash to buy back stock at a certain % of daily trading volume (whatever the max without moving the price) AND buy other things.

Gents,

Fascinating exchange! [ : - ) ] -Let's see!
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longinvestor

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #502 on: March 11, 2020, 02:51:44 PM »
Mark Millard is a Berkshire Hathaway Vice President [please see inside back cover page of the 2019 Annual Report], and the provided telephone number appears to be Berkshire's main [desk] number [i.e. also used by Mr. Hamburg as contact node related to Press Releases].

Wondering if this number has been ringing during the panicked days of late? Desperate calls from “must sell” types

alpha

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #503 on: March 11, 2020, 06:03:12 PM »
Very unlikely Buffett is buying back stock. Too many bargains around

I agree BRK shares may be cheaper from a few months ago but other businesses/sectors have sold off much more (energy, airlines, etc..) if this keeps up it will be great time to put cash to work buying bargains. Historically BRK has been able to put large sums of cash to work quickly when the markets roll over.





DooDiligence

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #504 on: March 12, 2020, 05:47:46 AM »
WEB sounds giddy in the opening of this interview.

https://youtu.be/b8fSPr2gcKQ
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rb

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #505 on: March 12, 2020, 07:17:49 AM »
Well BRK is now below 1.2x book with MTM.

Jurgis

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #506 on: March 12, 2020, 08:11:01 AM »
Well BRK is now below 1.2x book with MTM.

Interesting question is what Buffett could be buying instead?

There are only few banks that he might be buying without crossing 10%.
Same with airlines.

If he's buying AAPL, that's huge balls considering his existing position.

What else?
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alpha

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #507 on: March 12, 2020, 09:46:52 PM »
Well BRK is now below 1.2x book with MTM.

Interesting question is what Buffett could be buying instead?

There are only few banks that he might be buying without crossing 10%.
Same with airlines.

If he's buying AAPL, that's huge balls considering his existing position.

What else?

If he was interested in buying an airline whole, it seems like this would be the time to do it. I know he has publicly stated it is complicated but complications may be worth it at these prices.

longterminvestor

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #508 on: March 13, 2020, 02:34:45 PM »
Proxy filed today gives shares outstanding as of close of business March 4, 2020.  We already have shares outstanding as of Feb 13, 2020.  That's 14 trading days.  Heres the math: 

Feb 13, 2020 Annual Report:
A Share: 700,396
B Share: 1,385,994,959
Converted to B:  2,436,588,959

March 4, 2020 Proxy:
A Share:  699,123
B Share:  1,382,352,370
Converted to B:   2,431,036,870

Total Buyback from Feb 13 - Mar 4:
A Share:   1,273
B Share:   3,642,589
Converted to B: 5,552,089 

longterminvestor

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Re: Buffett buybacks: Could Berkshire tender stock?
« Reply #509 on: March 13, 2020, 03:19:22 PM »
For context - last year's repurchase doing the same math from annual report and proxy amount of the B shares (A converted) was 2,617,280 shares.  Roughly a 110% increase YOY.