as the coronavirus pandemic dented operations for Warren Buffett's conglomerate.
The share repurchase is the most ever in a single period for Buffett, nearly double the $2.2 billion the conglomerate bought back in the final quarter of 2019. In fact, the amount is slightly more than what Buffett spent buying back Berkshire stock in all of 2019. The company also took a charge of approximately $10 billion from Precision Castparts, Berkshire's largest business within its manufacturing segment.reporting a strong net income along with weaker operating resultsBerkshire is heavily invested in several companies that have rallied since the broader stock market bottomed in late March. Apple — Berkshire's biggest common stock holding — has nearly doubled since March 23.
Are dividends next Becky Quick needs to get on this on Monday Squawk
Mixed quarter for $BRK.B, earnings beat, missed on revenue as railroads, insurance and energy, utilities underperformed. Buffet still has plenty of free cash flow, close to $150 billion that is up from last year. We could see some M&A later this year.
The company Is a 100Year sick whale
Why not an even number like $5Billion?
Manipulation
He probabaly should have bought Tesla 😐
Smart move.
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Source: CNBC - 🏆 12. / 72 Read more »
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