Berkshire Hathaway (BRK.B) started repurchasing shares of common stock under its policy on March 4th, via filing
- CEO Abel says he consulted with Buffett before deciding to resume stock repurchases.
- Sees intrinsic value of shares above market value.
- Abel bought USD 15.3mln of shares.
Context
Berkshire Hathaway's resumption of share repurchases signals confidence in its intrinsic value, as CEO Abel has consulted with Buffett on this decision. This might suggest an undervaluation in the market, potentially influencing investor sentiment positively around BRK.B and highlighting a strategic move that could support the stock’s price in the near term.
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