Subject: Re: Buybacks
Just to add a little more supporting evidence for no additional buybacks NOT being due to waiting for the annual meeting.
Berkshire repurchased shares consistently from July 2018 until the end of June 2024. During that six year period, they continued share repurchases through the ~two week period between end of Q1 and the creation of the Q1 report (~April 15)in all years except 2020 (pandemic) and 2022 (bv above 1.5x).
I believe we can infer they are not averse to purchasing shares during the period.
Good point.
I can't believe Greg was trying to pump the share price. And they have sufficient liquidity ten times over for buybacks.
Maybe they're expecting the market to get impatient with Greg - were seeing that here - and expect a languishing share price pretty soon?