Berkshire Hathaway Is Now A Buy, Including For Warren Buffett

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About: Berkshire Hathaway Inc. (BRK.B), Includes: BRK.A
by: Gary Gambino
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Gary Gambino
Growth at reasonable price, dividend investing, special situations
Summary

Berkshire Hathaway’s third quarter 2019 results showed modest growth at the non-insurance businesses and fluctuating underwriting income. This was better than the street expected.

My updated valuation model shows Berkshire has moved to 14% undervalued largely due to equity market value gains and higher comparable peer valuations for the operating companies.

Berkshire Hathaway could close this valuation gap through increased buybacks.

Notes From The Earnings Release

Berkshire Hathaway (BRK.A) (BRK.B) continues to show growth at its operating businesses, while insurance underwriting income fluctuates as usual.

Source: Berkshire Hathaway 3Q 2019 Earnings Release