No. of Recommendations: 11
I found this interesting, not for the analysis (1.5x book is cheaper than it was, Berkshire has underperformed lately), but simply because I didn't realize Edward Jones did stock analysis like this. EJ are known for selling high-fee mutual funds to folks who don't know any better. If their "advisors" tell folks to buy Berkshire instead they won't get those sweet bonuses.
Berkshire Stock Gets Upgraded. Here’s Why the Analyst Says Buy.
https://www.barrons.com/articles/berkshire-stock-b...Edward Jones upgraded Berkshire Hathaway
BRK.B stock to a Buy from a Hold, citing the stock’s underperformance in recent months and its strong balance sheet with almost $350 billion in cash.
...
“We believe that the current share price represents an attractive entry point for long-term investors. Berkshire’s revenue and earnings benefit from a diverse group of operating companies, “Shanahan wrote.
“In addition, Berkshire holds almost $350 billion in cash on the balance sheet, which could prove to be a strong earnings catalyst, should the company invest heavily in operating companies, individual stocks and/or Berkshire’s own shares.”
When Berkshire buys its own shares, then it'll be an attractive entry point for long-term investors.
