Berkshire Hathaway's Record $397 Billion Cash Pile Gives Greg Abel Room for Buybacks or a Big Acquisition
The new CEO took over the conglomerate with a massive nest egg that he must try to deploy.
Overview
Under the stewardship of Warren Buffett, Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) has always been run with a fortress balance sheet. It never wants to find itself operating from a position of weakness. Instead, it waits patiently for the right opportunities to present themselves.
The conglomerate ended the first quarter with $397 billion in cash, cash equivalents, and short-term U.S. Treasuries. This is more valuable than the vast majority of businesses out there. It gives CEO Greg Abel incredible financial resources to execute buybacks or make a splashy acquisition.
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Details
Source
Originally published at www.fool.com.
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