No. of Recommendations: 8
Since Brk. is having to find an "elephant" to purchase, with so much cash on hand, I think Buffett will buy back shares in quantity if the price of brk. keeps dropping. This could turn into his elephant. The lower the price of brk. shares, the better.
No. of Recommendations: 4
I do sense larger buybacks are in our future as well. No elephant on the horizon, $147B in cash equivalents as of 6/30, higher interest rates for longer and gravity effect on asset values, No dividend or special dividend in WEB's lifetime, not enough residual Green/ BHE projects yet to soak up a huge amount of our cash. At maybe a 20-25% discount to IV, let's Please ramp up the A>B buybacks! Might be guilty of a human misjudgment perhaps, but that is my crystal ball & bias. Looking forward to reading the upcoming 10-Q.