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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Silverlinin ✧  😊 😞
Number: of 15062 
Subject: Bro -?Argus Upgrade
Date: 05/29/2024 11:06 AM
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No. of Recommendations: 2
Posted on Seeking Alpha free version:
“The analyst assigns a target price of $480, assuming a 23x multiple of 2024 operating EPS forecast. Berkshire shares are currently trading at 21x Argus's 2024 operating EPS estimate, and the S&P 500 is trading at a 24x multiple.

Argus's Buy rating on Berkshire (BRK.B) compares with the SA Quant rating of Strong Buy and the average Wall Street rating of Buy. By contrast, the average SA Analyst rating is more cautious at Hold.”

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Author: mungofitch ✹🐝🐝🐝🐝 SILVER
SHREWD   😊 😞
Number: of 15062 
Subject: Re: Bro -?Argus Upgrade
Date: 05/29/2024 11:38 AM
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No. of Recommendations: 12
I guess Mr Buffett's suggestion that people look at operating earnings is catching on a bit.
That might be the first time I've ever seen an "analysis" using multiple of operating earnings as a valuation yardstick.

It's a shame that look-through earnings of the stock holdings went out of fashion.
A multiple of the sum of Berkshire operating earnings (after a realistic tax provision) plus look-through earnings would make an even better number. Barring a little bit of buying low and selling high from time to time, that's where all the value comes from. Underwriting profit might still need a cyclical adjustment.

Jim
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