New Berkshire succession emphasis as Buffett turns 90: Barron's on MarketWatch
As Warren Buffett marks his 90th birthday Sunday, investors are increasingly anticipating the end of his amazing run of 55 years at the helm of Berkshire Hathaway.
The book value estimate comes from Edward Jones analyst James Shanahan, who has a Buy rating on the shares. “The stock is cheap here,” he says. “Some of the businesses that are struggling are poised to start performing better later this year and in 2021.” Apple’s surging stock is another plus. Berkshire’s stake is now worth about $120 billion, or nearly 25% of Berkshire’s market value.
Buffett said at the virtual annual meeting in May that a breakup was unlikely. With holdings by the Buffett family and friends, there will be enough stock to keep Berkshire intact, even as, per his wishes, his stock is given away to charities in the years after his death. “You can count on Berkshire’s present posture being continued for a long time,” Buffett said in May.
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