https://www.businesswire.com/news/home/20220430005003/en/Ber…
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And the 10Q
https://berkshirehathaway.com/qtrly/1stqtr22.pdf
Big news for me is that cash is way down, Warren bought a huge amount of equities in the 1st quarter, and Berkshire held $26 Billion worth of Chevron at 3/31 - a huge increase.
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Nice find nola! Now we have something on the board to discuss!
He paid as high at $322.80/B Share in March
All you need to know
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He paid as high at $322.80/B Share in March
And he paid over $345 for the shares repurchased from end of March to April 20.
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False. Never bought back stock post Qtr end
And he paid over $345 for the shares repurchased from end of March to April 20.
Did he repurchase shares during that time period? My notes show basically unchanged share count.
Except insurance-underwriting and insurance-investment-income which are volatile, operating earning are:
1Q 2021: $5046 m
1Q 2022: $5823 m, up 15%
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Sorry, I used average shares outstanding during the quarter.
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Cash down $50 bil, equities up $40 bil, what was he buying? Oxy?
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JPM?
Stocks bought in 1Q:
https://www.yahoo.com/finance/news/buffett-berkshire-slows-r…
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Based on the Q1 shareholder’s equity, and the shares outstanding April 20, 2022, I get:
$234.27 per B share
$351,400 per A share
So Friday’s closing prices represent a P/B of 1.378
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Based on the Q1 shareholder’s equity, and the shares outstanding April 20, 2022, I get:
$234.27 per B share
$351,400 per A share
So Friday’s closing prices represent a P/B of 1.378
You are slightly off because you are using “total shareholders equity” instead of the equity attributable to Berkshire’s common shareholders
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You are slightly off because you are using “total shareholders equity” instead of the equity attributable to Berkshire’s common shareholders
You’re right, thanks for the correction.
The right numbers are 230.31/B share and 345,469/A share.
Friday’s closing numbers were 1.40x book value.
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Did he repurchase shares during that time period? My notes show basically unchanged share count.
No buybacks in April, and WEB pointed that out. Wanting information parity? Higher share price?
Highest buyback price in Q1, and highest ever to date, was $322.88/B.
Coincidentally that’s just about the last closing price.
The right numbers are 230.31/B share and 345,469/A share.
Friday’s closing numbers were 1.40x book value.
Agree.
And FWIW, 5-groves:
5 Groves 15 PE 21% of float ($30B) deducted from cash: $347
5 Groves 15 PE 30% of float ($44B) deducted from cash: $340
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And he paid over $345 for the shares repurchased from end of March to April 20.
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Did he repurchase shares during that time period? My notes show basically unchanged share count.
He bought no shares of Berkshire in April:
https://ca.finance.yahoo.com/news/warren-buffett-berkshire-s…
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