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Non-Tech : Berkshire Hathaway Class B -- Ignore unavailable to you. Want to Upgrade?

To: Duker who wrote (1345)	2/12/2000 9:26:00 AM
From: Gary Kline	Read Replies (1) \| Respond to of 1652

Duker or anyone else, Enjoyed your post. If WB were to buy back shares is he required to announce his intentions? If so, what is the legal reason a company has to announce regarding timing and at what percentage of a buy back? Because of the low volume traded per day, I think it would have to occur over a few months so as not to drive the price or from a willing private source. Gary

To: Duker who wrote (1345)	2/12/2000 1:23:00 PM
From: Charles Tutt	Respond to of 1652

I disagree. Buying in shares is a legitimate way to increase the value of the remaining outstanding shares, IMHO.

To: Duker who wrote (1345)	2/13/2000 12:56:00 AM
From: zyx1996	Read Replies (1) \| Respond to of 1652

Duker, I surely hope that WEB will start buy back shares, it will boost the confidence of share holder and make it clear that BRK is undervalued. I feel it is unsettling that WEB refuse to buy back shares since he is a big believer of buy back. ZG

To: Duker who wrote (1345)	2/13/2000 11:25:00 AM
From: Gottfried	Respond to of 1652

Duker, most buybacks are done by companies whose shares keep dropping anyway, according to Barron's... Buyer Beware The old rules no longer apply -- for now -- when it comes to stock buybacks By Andrew Bary Wall Street traditionally has cheered the announcement of stock buyback programs as a sign that managements are bullish on their companies' prospects and convinced that their stock prices are undervalued. And many investors like to follow suit, purchasing shares in companies that are heavy buyers of their stock because management is putting corporate cash to work on their behalf. Over the years, this has been a consistently profitable strategy. No more. In one more instance of the old rules no longer applying -- for now -- last year it paid to stay away from companies that pursued aggressive buybacks. The accompanying table lists the 50 companies in the Standard & Poor's 500 that bought back the biggest percentage of their outstanding shares in 1999. Only eight of the 50 beat the S&P and 33 of the 50 showed negative returns. The weak results have continued into 2000. "The popular view is that share buybacks are inherently a beneficial thing and that they signify good things to come," says Christine Callies, strategist at Credit Suisse First Boston, who compiled the table using data from Standard & Poor's Compustat division. "But with many companies last year, big buybacks were more a reaction to some sort of distress than any portent of success."[snip] interactive.wsj.com requires subscription Gottfried PS: let's outlaw the use of "-for now-". It's redundant. :)