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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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... 🙋♀️
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk is wealthier than Warren Buffett, might not be justified - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. But is he a decent human? Good to others and the planet?What really counts. What all these businesspeople need to learn with all their wealth... Because only 50% of the world buys it. Warren gave half of his fortunes to the poor. He is always a rich
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of the week ended July 14 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us today at 1:30 p.m! Business Insider payments reporter Shannen Balogh will speak with Domm Holland, Fast's co-founder and CEO, about how he came up with the idea for the company and Jan Hammer, general partner at Index Ventures. This is DOA
Source: BusinessInsider - 🏆 729. / 51 Read more »
SUCCESS INSIDER: Leaving a job during a recession, McKinsey, Hamilton - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Verizon unveils socially conscious business plan, Citizen Verizon - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Disagree. Jobs are temporary and go away. As a youth football coaching legend, I am convinced our great football players can be happy working for Verizon as long as we go all-in on reducing CO2 usage.
Source: BusinessInsider - 🏆 729. / 51 Read more »