beach you are singing to the preacher bro, BUT paying up now looks stoooooopid, there is so much cash chasing deals I think he might use THAT excuse, values are hard to find, i'm going to return 10 billion to partners, etc THAT he might do. To pay up now looks very bad he would never admit it took me YEARS to educate him, again ! maybe just cash looking for a safe place to hide, brkb at 130 is fully priced unless he changes the buyback limit or pays a div, imo.
several experts r talking about the 1.2 xs BV FLOOR, hence money might be flowing in from those who figure it has limited downside risk ? that's a dumb reason to buy here but a div is a 5 to one shot, a higher buyback limit, 10 to one shot or higher.
no im serious its up much more than I expected. he isn't going to raise the buyback limit, imo, why not pay a div to goose the stock to 1.5 xs bv ?
1.5 % div yield ? leaks ?
++ HC - I worry for your mental health when I read statements like that.++
brky, u know me all these years and u still don't know when i'm kidding ? Do you smile much ? bro, with brkb near its all time highs I think u should give serious thought to a visit to the danSIN girls OR come to vegas and i'll hook you up, my treat !
tom, u r long the stock, short the puts and short calls ? I don't think you ever posted that before, ok, I did that for years when brkb was 3000 old and the premiums were twice as high, good luck with it. btw, i'm playing something , it reports AFTER the close, BUT, its high RISK and if i'm wrong, i'd have 100 brkville nutjobs outside my door throwing eggs so unfortunately I cant post this in real time like I did with aapl. we'll see how it goes while the little girls of brkville hide in the bushes and throw spitballs at others. peace bro.
hi bud, me and jad met here on this board years ago. I doubt jad was ever a trader of anything, I never traded commodities. My brother was a member of the nyse and we had a philly option seat in the family but I never did go back east to work the option seat. Trading in vegas life for cherry hill NJ broke that deal, lol. well done on your put option sales bro, BUT, but, LONG THE STOCK is better, no ?
beach, there is a small chance buffett will call me for advice , there is ZERO CHANCE, zero, that he will raise the buyback limit with the stock at all time highs !! THAT would be an admission he should have listened to me 10 YEARS ago and started the buyback near 3000 old, he will never go there never ! buffett boxed himself in, wayyyyyyyy too much cash, I hope he doesn't buy more ibm ???
lol, if I only had one question I would keep it very simple, uncle warren, splain to me why I made a mistake buying more brkb while U were buying ibm ?? would that stress him out ?
or we could email questions and you or Marc can cherry pick them for your comfort ? Just an hour 4 xs a year that would offer great value, thank you. your favorite partner, hc.
not much new but worth the time.
I wonder YYY ?? AAAAAAAAAmen. very sad.
jad, no div would be fine, IF,IF, the buyback didn't have such a silly limit. buffett has in effect limited the market for brkb, he's 1.19 bid offered at 1.4 xs BV all day every day. He's way to stubborn to change his thinking it may take YEARS for his next , shareholder friendly move ! He's a joyful seller at 1.35 XS BV give or take, end of story.
from that story,
++ Over the past decade, companies have bought back roughly enough shares to offset new issuance. That's a change from the historical pattern, when shareholders collectively saw their stake diluted by some two
percentage points a year.++
HOW can buffett NOT understand this math, HOWWWWWWWWWWWWWW ?? please uncle, do a real interview while u r still sharp in the mind, thank you.
++ Here's my questions: What effect do share repurchases, "buybacks", have on the real grow rate?++
morning jad seems to me the correct question for hussman or buffett is, IF a companies buybacks exceeds the equity being taken by corporate gangbangers yearly, over time , what effect would that have on the stock price ? While there is much joy in brkville over this quarterly report the sad fact is uncle warren will never allow adult questions like, WHY, YYY, weren't you a huge buyer of brkb on weakness over the years ? YYY do you still use silly metrics like BV as your hurdle ? Finance 101, if you buyback stock above BV, its dilutive to BV, who cares ? IV is what matters, if you buyback stock at material DISCOUNTS to IV, its accretive to IV. THIS is where buffett got confused and cost himself BILLIONS in proceeds. jad, what would brks IV be today if we had 30 BILLION less cash, and used that cash to buy brkb at 1.15 xs BV over the past 15 years ? forgeddaboutit !! PLUS brkb would be trading at 1.6 xs BV, give or not. he blew it, end of story. btw, buying and PROMOTING ibm over brkb was off the hook, silly !! AAAAAmen.
THE most MORONIC headline of the year, well done, in the street , must be a close pal of Cramers ?? shameful.
thanks sean, my guess buffett a small buyer, t and t net sellers. but 55 billion doesn't lie, others are outbidding buffett for deals aka, another market toppy sign.