Warren Buffett seems to have repurchased more than $7 billion of Berkshire Hathaway stock in the last three months.
Buffett's buybacks highlight his willingness to tap Berkshire's $147 billion in cash reserves and suggest he views Berkshire stock as undervalued.Warren Buffett appears to have bought back more than $7 billion of Berkshire Hathaway stock over the past three months, underlining the famed investor's willingness to deploy significant amounts of cash and his view that Berkshire shares are a bargain..
Assuming stock buybacks are behind the decline, Buffett and his team probably spent between $2.3 billion and $2.5 billion based on the trading range of Berkshire"A" shares in July.
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