NYSE:BRK.ADiversified Financial
Berkshire Buybacks And Abel Purchases Signal New Capital Allocation Era
Berkshire Hathaway (NYSE:BRK.A) has restarted share repurchases after nearly two years.
New CEO Greg Abel has committed his salary to buying Berkshire Hathaway stock.
These are the first buybacks and public executive stock purchases since Warren Buffett retired.
Berkshire Hathaway is reengaging in share buybacks at a time when its Class A shares trade around $738,000. The stock has seen a 6% decline over the past year, while longer stretches such as the past 3 and 5 years show cumulative...