Since Buffett retirement announcement the stock is steadily declining. Certainly WEB is a value add the stock was outperforming before that and trading bit richly to its BV (a preferred valuation method for many Berkshire investors). Don’t know how long it will last, I have sold couple of Aug $450 Puts, just to keep track. Even though I own Berkshire and have a covered call at Jan 26 $400, I rarely look at the stock. The put covers the quarter report, since they don’t do quarter earnings call. We will know whether Berkshire started buyback back their shares.
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PBV is 1.57. It is still expensive. For PBV around 1.3. it needs to come down to ~$400 or increase its BV. My guess is it will stabilize around $425 and would be a good point to accumulate. Mag 7 are very hungry for energy.