Greg Abel Ended Berkshire Hathaway's 6-Quarter Buyback Freeze in Q1 With Just $235 Million. The Q2 Report Shows Whether He Kept Buying.
Shareholders have been waiting a long time for the company to do something -- anything -- with all that idle cash.
Overview
After a bit of a dry spell during Warren Buffett's last year and a half as chief executive officer before he stepped down at the end of last year, Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB) new CEO, Greg Abel, revived repurchases of the conglomerate's own stock.
It wasn't much. The company only bought back $235 million worth of Berkshire shares during Q1, a pittance compared to its current cash hoard of roughly $366 billion and market cap of more than $1.1 trillion.
Details
Still, all big trends start out as small ones. Is that the case here? It certainly looks like it.
Source
Originally published at www.fool.com.
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