Buffett's Historic Buyback Is Admission Of Weakness In Markets, Economy |
| September 26, 2011 | September 2011 Bond Updates |
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Comes the revolution. After signaling the urge to make more multi-billion dollar acquisitions, the greatest investment genius of our time has decided to buy back up to 15% of Berkshire's equity. Potentially, Warren Buffett has some $28 billion of a $48 billion cash hoard to use in whittling away at Berkshire's $175 billion market cap. Presto; some 15% of the public's shareholding could be retired, raising the book value and the intrinsic value of the remaining shares. |
| View more at: http://www.forbes.com/sites/robertlenzner/2011/09/26/buffetts-historic-buyback-is-admission-of-weakness-in-markets-economy/ |
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