The Wall Street Journal covers Berkshire Hathaway’s large cash hoard and discusses some reasons for why the company hasn’t deployed it yet. It also touches on Buffett’s views around stock buybacks.
From the article: “Also contributing to the climb in cash: Stock buybacks have ground to a halt, with Berkshire repurchasing no stock in the third quarter for the first time in several years. The company says it can buy back stock whenever Buffett “believes that the repurchase price is below Berkshire’s intrinsic value, conservatively determined,” as long as its holdings of cash and Treasury bills wouldn’t fall below $30 billion.”
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