Given your belief that Berkshire's intrinsic value continues to exceed its book value with the difference continuing to widen over time, are we at a point where it makes sense to consider buying back stock at a higher break point that Berkshire currently has in place and would you ever consider stepping in buying back shares that did dip down below 1.2 times
book value per share even if that prior years» figure had not yet been released?
Given your belief that Berkshire's intrinsic value continues to exceed its book value with the difference continuing to widen over time, are we at a point where it makes sense to consider buying back stock at a higher break point that Berkshire currently has in place and would you ever consider stepping in buying back shares that did dip down below 1.2 times
book value per share even if that prior years» figure had not yet been released?
Not exact matches
Offering bank investors a view of the company stock, Dimon contended that it still made financial sense for JPMorgan to buy back
shares «
even at or above two times tangible
book value»
per share, which was $ 53.56 at year - end.
Even as the
shares dipped down below the 1.2 times
book value threshold during both January and February of this year, if you base it on a buyback price calculated on Berkshire's
book value per share at the end of 2015.
As we wait for a drilling recovery, NOV should remain decently profitable from its aftermarket business, so
even in a tough environment we expect
book value per -
share to continue growing.
This analysis does not
even take into account the
value of Aviat's long - term assets of $ 61 million, or $ 1.02
per share, which, when added to net current assets of $ 3.35
per share, equates to tangible
book value of $ 4.37
per share.
The divergence in the P / BV (price divided by
book value per share) is
even wider: 5.19 for growth and 1.74 for
value.
If you run the same numbers as above, but at $ 45
per share, buybacks would be accretive to earnings and approximately break
even to tangible
book value — still attractive but far less so.