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Author: Grahdodd One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 227151  
Subject: Re: Buyback limit Date: 3/4/2013 11:38 AM
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>>>Assuming current BV of $117,000, P/B is hovering around 1.28, not that far from the buyback limit.

Consistent with what Buffett said this morning, when, not if, the Fed reverses course, it could present the then head capital allocator(s) at BRK to buy back large amounts of stock.<<<<

You are likely pretty close to being right, but my feeling is Berkshire will purchase based on trailing REPORTED Book Value. It's just my guess, but I believe if you take WEB at his word--he does not want to take advantage of selling shareholders with BRK purchases.

Given that he has access to proprietary information..including importantly operating subsidiary monthly Sales figures and mark to market updates on derivatives pricing....he would be buying with advantaged and non Public information if he used a non public metric in his calculations. That's not the way he operates. The seller does not know that information.

For that reason I strongly believe Buffett's book value number used for calculating the reported $114,200. Even though the real time number is likely higher.
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