The Motley Fool Discussion Boards

Previous Page

Stocks B / Berkshire Hathaway


Subject:  Re: Maystery purchase Date:  11/4/2018  8:25 AM
Author:  mungofitch Number:  239426 of 243205

BAC closing price on Sep 28 was 29.46...
The 4.9bn was a typo, I meant 5.9bn and that's obviously only an estimate.

I had the wrong share price for the end of period.
I made the mistake of checking Yahoo...if you ask for monthly closes it tells you $27.50 as the non adjusted September close, which is wrong.
If you ask for daily closes it tells you $29.46 for Sept 28, the figure you used, which I presume is correct.
Thus, they owned $26.5bn/29.46= about 899m shares at end of September.
Knowing Mr Buffett's penchant for round numbers, I'll wager the number was actually 900m, meaning 200m share were purchased year to date, essentially all in Q3.
So I estimate that they bought about $6.1bn worth assuming a rough guess of $30.50 per share, reasonably close to your $5.9bn.

My reaction remains unchanged...maybe the price was adequate, but I wish I could see the case for it being a firm of the quality I'd like to see Berkshire buying.
They'll stay in business as a perpetual cash cow, but I hope for more than that.

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us