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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" 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.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch ✹✺🐝🐝🐝 SILVER
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Number: of 22989 
Subject: FYI, buybacks
Date: 04/10/26 10:45 AM
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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
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This community has written 22,499 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 · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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