Berkshire Hathaway repurchased roughly $7.9 billion of its own stock since March, including about $4.5 billion in the second quarter and another $3.4 billion in July, marking a sharp acceleration in buybacks under new CEO Greg Abel. The company also became a net buyer of publicly traded equities, deploying roughly $19.8 billion more into stocks than it sold, snapping 14 straight quarters of net selling. Cash, Treasury bills and equivalents fell to roughly $365 billion as the conglomerate put more of its war chest to work. Operating earnings climbed 16% to about $13 billion on revenue of $101.8 billion, lifted by BNSF Railway and manufacturing, service and retail businesses, while Geico's underwriting weakened. As of Aug. 10, Berkshire's Class A equivalent shares traded at about $805,448, roughly 3.54% below GuruFocus's GF Value of about $835,010.
Berkshire Hathaway IncBerkshire's aggressive buybacks and net stock purchases signal capital deployment, with operating earnings up 16%.
