Berkshire Hathaway reportedly resumed its share buyback program after a 21-month hiatus. CEO Greg Abel led the decision, signaling that management perceives the stock to be trading below its intrinsic value.
Abel also made a personal investment by purchasing company stock. This action aligns his financial interests with shareholders and underscores leadership's belief in the firm's future.
The move follows a period where the company accumulated a record cash pile. These developments represent a significant signal of confidence from the company's new leadership.