Warren Buffett makes 'good start' in spending Berkshire cash: analyst - Business Insider

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Warren Buffett has made a 'good start' towards spending his $137 billion cash pile, Berkshire Hathaway analyst says

Buffett has ample bandwidth to do more of the same, Shanahan told Business Insider. Berkshire might still be sitting on about $135 billion, he said, thanks to the proceeds from its"There could be a lot more opportunity in the energy/utility space," Shanahan said. "There is still a lot of dry powder available for deals or buybacks. The huge amount of cash is a drag on earnings."

"If Berkshire cannot identify attractive deal opportunities or undervalued stocks, buybacks are a good use of cash," he continued. Shanahan also pointed out that Berkshire has only spent about $13 billion on buybacks over the past two years, a tiny fraction of its roughly $460 billion market capitalization.for decades, arguing they benefit shareholders if the company has the cash to spare, and the stock is trading at a material discount to the company's intrinsic value.Disclosure: TD Ameritrade is a partner of Insider, Inc.'s business development team, which is separate from its editorial department.

 

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I thought he pledged to donate it all to charity...

Does this mean what I think it means? (Talk to me, tell me your name, you blow me off like it’s all the same 🎶)

I mean, if he needs any help... 🙋‍♀️

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