Is Wall Street More Bullish About Berkshire Hathaway Right Now Than Warren Buffett?
Berkshire Hathaway's standing policy is that Buffett can repurchase shares anytime he believes the stock is trading below its intrinsic value. The only caveat is that stock buybacks aren't allowed if they would cause the conglomerate's cash position (including cash, cash equivalents, and U.S. Treasuries) to fall below $30 billion.