Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (12) |
Author: mungofitch 🐝🐝🐝 GOLD
SHREWD
  😊 😞

Number: of 21942 
Subject: FYI, buybacks
Date: 04/10/26 10:45 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 23
Looks like about 19 days in a row that the A share price has been below the likely price of the buybacks on March 4, for at least part of the trading day. So I imagine they have been in the market buying, at least some.

I assumed that the buyback that day was around the average price of the day, which was about $729500.

For this purpose, a conversion of 1500:1 for B share buybacks doesn't seem to be appropriate. Management prefers A shares for buybacks and doesn't seem to buy B shares unless prices are both cheaper (relatively) and quite cheap (in an absolute sense, perhaps to take advantage of the liquidity to buy more shares). So I would NOT assume that management would be happy to buy B shares at 729500/1500. My guess is that a notional "happy with a B buyback at that time" might be more like (say) $475 per B instead of $486.

A share is worth more each day, so one might assume the target rises commensurably over time. But it probably also moves up and down even more sometimes with changing prospects of other opportunities, present and future.

Jim
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to mungofitch here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
Unthreaded | Threaded | Whole Thread (12) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community