Berkshire Hathaway Resumes Share Buybacks Warren Buffett's conglomerate has resumed its share buyback program, the company announced Monday. Berkshire Hathaway will repurchase up to $10 billion of its own shares over time, according to a filing with the Securities and Exchange Commission. The move comes after a roughly two-year hiatus from buying back its own stock. The last time Berkshire Hathaway conducted a major share repurchase was in 2019, when it bought back about $5.2 billion worth of shares. Berkshire Hathaway's decision to resume buybacks is seen as a sign that the company has confidence in its future earnings potential and believes its shares are undervalued. The move could also help support the company's stock price, which has struggled this year amid concerns over inflation, interest rates and global economic growth. The share repurchase program will be funded through Berkshire Hathaway's cash reserves, which stood at around $93 billion as of June 30. The company is known for its cash-rich balance sheet and has historically generated significant earnings and retained a large portion of those profits. Berkshire Hathaway's buyback announcement sent its shares higher Monday morning, with the stock rising about 1.4% to around $334 per share in early trading. The conglomerate's decision to resume share buybacks is also seen as a sign that it is confident in its ability to generate strong returns for shareholders. Berkshire Hathaway has a long history of producing impressive results under Mr. Buffett's leadership, and the company has generated significant value for investors over time through its operating businesses and investments. As part of its quarterly earnings release, Berkshire Hathaway also announced that it had repurchased about $1 billion worth of shares in the second quarter. The company said it continues to evaluate i...#Berkshire_Hathaway #Warren_Buffett #Securities_and_Exchange_Commission
