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ValueMaven

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    Stock Buyback Imminent?

    in Berkshire Hathaway

    Posted

    With BRK trading at roughly 1.4x book-value, and Buffett talking about how intrinsic value is MUCH higher then its stated book value, you wonder at what point they will increase the stated stock buyback.  I actually it is more imminent then most investors think. 

     

    See the below clip were Buffett says ‘If it ever gets to $100bn or $120bn or something like that – we may have to increase the price (of the buyback)’

     

    My guess is that he talks a bit about this in the next chairmen’s letter

     

    https://www.youtube.com/watch?v=jUJwxksLgKM&t=361s

     

    Sincerely,

    ValueMaven

    Tax change effects on berkshire

    in Berkshire Hathaway

    Posted

    You will see a drop of almost $30bn in Berkshire's deferred tax liability...which flows directly into an increase in book value.  That is why the stock has been on a tear recently.  It's a really big deal.  Assuming a drop in the DTL, the B-Shares trade at just 1.4x BV.  Not unreasonable by any stretch.  Buffett should start buying back Berkshire's stock...

    Insurance + Reinsurance

    in General Discussion

    Posted

    I bought AXS, RE and a bit of AHL. Those stocks have been battered enough discounting a 100 year event. I think the well managed insurers keep exposure to a 100 year event to <20 % of their book value.

     

    Agreed - I picked up XL Group on Thursday...the Storm's path has shifted materially to the western part of FL, which is less density populated then FL's eastern cost...

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