Смелый выкуп акций на сумму 11 миллиардов долларов компанией Berkshire Hathaway свидетельствует о доверии

In a remarkable move, Berkshire Hathaway, led by CEO Greg Abel, has reportedly ramped up its share repurchase program in the second quarter, possibly buying back up to $11 billion worth of its own stock. This estimate, derived from a Barron's analysis of Warren Buffett's SEC filings, would mark the largest buyback in the company's storied history. Such a large-scale repurchase implies that management deems the stock undervalued, a sentiment echoed by Chairman Warren Buffett's strict buyback criteria, which allows repurchases only when the stock price is considered below intrinsic value. During the indicated period, the company's Class A shares, averaging around $721,000 each, are thought to have constituted much of this buyback effort. This aggressive strategy follows a lukewarm start in Q1 2023, where only $235 million was repurchased in March, barely registering a financial impact against Berkshire's colossal market capitalization of over $1 trillion. If confirmed, this Q2 buyback would surpass Berkshire's previous record for share repurchases, set in the final quarter of 2020 at $9 billion. It would also serve as a means to efficiently manage and utilize the company's extensive cash reserves. Despite remaining flat overall, Berkshire's stock performance in H1 2026 signifies a potential underappreciation of its value by investors. This is particularly relevant given the substantial rise in value of its marketable equity portfolio, estimated to be nearing $360 billion. The company's book value multiple, a common valuation benchmark, remains attractive at approximately 1.5 times, potentially even lower in light of more recent data not yet publicly released. Investors eagerly await definitive financial results with Berkshire's upcoming Q2 report to shed full light on its strategic financial maneuvers. However, current indicators suggest a possibly undervalued conglomerate, backed by serious financial endorsements from Abel and Buffett, presenting a compelling case for investment.