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Berkshire Buys Stocks, Repurchases Shares | Tulsa News
Berkshire Hathaway, led by new CEO Greg Abel, is aggressively deploying its massive cash reserves—down from $400 billion to $365.5 billion in Q2—buying over $21 billion in stocks (details withheld) and completing a $6.8 billion acquisition of Taylor Morrison. While investors cheer the record stock buybacks and 10% revenue growth, concerns linger over Geico’s 45% plunge in underwriting profits. The company only repurchases shares when Abel and Buffett deem them undervalued, and with Berkshire’s stock hitting a 52-week high, buybacks may pause. Bottom-line profit more than doubled thanks to…
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