Berkshire Shares Slip 1% as S&P 500 Hits Record
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- Berkshire Hathaway shares fell ~1% this week as the S&P 500 rose 0.6%, widening the B‑share underperformance to 11.3 percentage points YTD.
- Berkshire Hathaway resumed share buybacks in March after almost two years, and analysts expect $1.7 bn of repurchases in 2026.
- Andrew Bary (Barron's) argues the current price needs only modest earnings upside to beat the market, even without Buffett.
- Christopher Davis (Hudson Value Partners) labels Berkshire a “coiled spring” HALO stock, citing its durable insurance and industrial businesses.
- Brian Meredith (UBS) values Berkshire at an 8% discount to intrinsic value.
- Cathy Seifert (CRFA) notes flat operating revenues last year and urges new CEO Greg Abel to outline a profit‑growth plan at the upcoming shareholder meeting.
Why it matters: Investors gain an 8% discount and upside from buybacks; Berkshire's shareholders see a widening gap vs the S&P, risking slower total return and lower dividend growth.
