Greg Abel Just Gave Investors $4.5 Billion Reasons to Take a Closer Look at Berkshire Hathaway
Berkshire bought back shares at its fastest pace in years during the second quarter.
Overview
Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) bought back $4.5 billion in stock in the second quarter, its first major buyback activity since early 2024. While other companies buy back billions of dollars in stock, Berkshire's buyback program is a unique one.
Specifically, Berkshire buys back stock only when its leaders believe it trades at a considerable discount to intrinsic value. This lets investors use Berkshire's buyback as a signal that the stock might be cheap.
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Details
Source
Originally published at www.fool.com.
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