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Berkshire Hathaway Inc. Message Board

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  • wcaliberty wcaliberty Jan 26, 2013 2:45 PM Flag

    LEAPS CALLS are so cheap! Jan 2015 $90 and $95 has such low premium that once can easily

    I agree that long term, the risk:reward is GREAT... however, be careful of thinking that the 120% of Book is a price floor. Buffett has explained that he will not use the share repurchase to prop up the stock, and he makes no guarantee that they WILL buy shares at that price point (thankfully). I have had a number of opportunities recently to buy up B shares trading below 120% of book value.

    Mr. Buffett wants to lower the share count... he will try to get the shares as cheaply as he can.

    In principle, tho, I think you are absolutely spot on that this company has sensational risk:reward... :)

    Sentiment: Strong Buy

 
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