巴菲特回購股票，改變伯克希爾規則
Carol J. Loomis
2012-12-14
伯克希爾·哈撒韋公司回購了12億美元股票，是公司歷史上規模最大的一次股票回購行為。回購價格為每股131,000美元，約為第三季度末伯克希爾股票票面價值的118%，超出了此前伯克希爾規定的110%。回購之后，伯克希爾公告稱，今后股票回購的價格上限提高到票面價值的120%。
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????2011年9月，當伯克希爾宣布將以公司股票票面價值110%的價格回購股票時就產生了這樣的效果。當時公司股票迅速上漲。第二年，伯克希爾僅成功回購了6,700萬美元股票。 ????與周三公布的12億美元相比，6,700萬美元顯然遜色不少。 ????本文作者、《財富》雜志（FORTUNE）資深自由撰稿人卡羅爾?盧米斯是沃倫?巴菲特多年的好友，一直是伯克希爾-哈撒韋公司股東。 ????譯者：劉進龍/汪皓 |
????That was indeed the effect of Berkshire's announcement in September 2011 that it would buy stock up to 110% of the company's book value. The company's share price immediately jumped.? In the next year Berkshire succeeded in buying only $67 million of stock. ????That amount is obviously dwarfed by the $1.2 billion purchase announced Wednesday. ????The writer of this article, Fortune senior editor-at-large Carol Loomis, is a longtime friend of Warren Buffett's and also a longtime Berkshire Hathaway shareholder |
