This board has been migrated to our new platform! Check out the new home page at discussion.fool.com or click below to go directly to the new Board on the new site.
In your hypothetical tender offer for $50B shares, how much are you offering in an attempt to actually attract that many shares? So BRK.B traded for $226/sh on Friday, so how are you structuring your offer? A Dutch auction tender with a range from $240 to $260/sh? IMO, that's about the only way that you'd actually get anywhere near $50B worth, and I'm not even sure that it would be fully subscribed at $260/sh.So, would $260/sh be a "good" deal for continuing shareholders? If I may be a heretic and use that old-fashioned, inappropriate metric called Book Value, that would be nearly 1.5x Q3 BV. It might still be a discount to intrinsic value, but it's probably not a deep discount.Or would continuing shareholders be better off it BRK simply continues with a basic open market buyback of ~$5B per quarter at prevailing market prices, currently $226/sh?SJ
Best Of |
Favorites & Replies |
My Fool |