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Warren Buffett sees value in Berkshire Hathaway December 12, 2012

Posted by shaferfinancial in Finance.
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Warren Buffett and the board of directors of Berkshire Hathaway have raised the mark for repurchasing Berkshire Hathaway shares to 120% of book value from 110%. They purchased a significant amount of “A” level stock [9200 shares] from the estate of a long term holder. For those keeping track at home that is over $1.2B of stock from one estate!

Obviously, he is bullish on this stock at this level. I agree with him. Berkshire continues to produce cash at an alarming rate. Book value continues to increase. However, he has been searching for another blockbuster deal and has not been able to close one in a while. Would expect that to happen at some point in 2013.

Looking forward to analyzing year end data and reading his always fun annual report. As soon as I do, I will report my thoughts for you. I continue to hold substantial amounts of Berkshire in my portfolio.



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