If the stock breakdown below $300, will you buy?
Book value per B from September is 210.96. Personally I’ve calculated an entry point of 1.2x this given all the uncertainty which is c$250 a share.
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Feel pretty dang sure WEB is still buying here as I think he has documented repurchases around 295. Current P/B seems 1.3 at present assuming B.V. around 230. Seems reasonable imo for the long run but was hoping it might dip to 275.
So hard to know what best entry will be over the coming months so I’m just adding a bit when it seems at a reasonable discount. And heck, even if we are not adding, Warren & Charlie are doing it on our behalf in a sizable way!
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