The following video is from Wednesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Joe Magyer and Bryan Hinmon, discuss the top business and investing stories.
Berkshire Hathaway (NYSE: BRK-A) announced that it has bought back $1.2 billion worth of Class A stock, and shares were up on the news. The board of directors also authorized future stock buybacks at 120% of book value. In this segment, the guys analyze the news and share why they believe Berkshire is still a buy.
Warren Buffett's long track record of success has made him one of the best investors of all time. With Buffett at the helm, Berkshire Hathaway has grown book value per share at a compounded annual rate of 19.8% for nearly 50 years! Despite an incredible historical track record, investors have to understand the key issues to watch moving forward. To help investors, The Fool's resident Berkshire Hathaway expert, Joe Magyer, has created this premium research report on the company. Inside you'll receive ongoing updates as key news hits, as well as reasons to both buy and sell the stock. Claim a copy by clicking here now.