(BRK.A), (BRK.B)
At Saturday’s Berkshire Hathaway annual meeting, Warren Buffett addressed the company’s noticeable pause in share repurchases. Berkshire hasn’t bought back any stock since May 2024, marking its longest break from buybacks since 2018. Buffett explained that the company only repurchases shares when they are clearly undervalued—a condition not currently met, with Berkshire stock reaching an all-time high on May 2. He also cited the new 1% tax on repurchases as an added hurdle, making buybacks less appealing from a capital allocation standpoint.
© 2025 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.