Subject: Re: Hopes, for Greg’s first letter?
" If a dividend comes sooner, perhaps as early as this year, it likely would be favorably viewed in the investment community despite the opposition from some die-hard Berkshire shareholders. It would show the company is returning more cash to holders rather than hoarding it. Berkshire could comfortably support a 2% dividend, which could help the stock by attracting new investors -- retail and institutional."


To be clear I oppose a 2 % div yield. 1 % makes brkb competitive with SPYs current yield with much less risk, concentration, and little exposure to tech.



" On capital allocation, Seifert says Berkshire should set a buyback authorization of a reasonable size even if there is no current activity. Some think Berkshire ought to consider a tender offer for its stock that could retire $50 billion or more in a single transaction. Berkshire stock now trades around 1.5 times its projected year-end 2025 book value. That's in line with the average valuation in recent years. The stock was similarly valued in 2024 when the company was buying back stock."

I oppose a tender offer all that will do is goose the stock higher with little certainty brk will buyback much stock. This is a terrible idea.

My guess, Greg will say that if the company doesn't see opportunistic situations to deploy meaningful capital by year end, a quarterly dividend will be considered in q-4. IF Buffett understood why a quarterly dividend is appropriate at this time, HE would have declared a 25-cent quarterly dividend when he left the stage. He didn't, hence it's very doubtful Greg will move quickly and step on Buffett's toes.


your favorite partner, hc, who never gets it right. ::))