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Berkshire shares drop after earnings fall and US$3.8 billion writedown
Berkshire has not repurchased shares since May and has now forgone buybacks for four straight quarters, even as the stock dropped over 12 percent between Buffett’s retirement announcement and last Friday’s close, as reported by Bloomberg.
Berkshire’s stock has slipped more than 13% since Buffett announced in May that he would step down at the end of the year.
While Berkshire’s quarterly operating earnings were down year-over-year, there were several pleasant surprises. Warren ...
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