73.1 F
Fort Worth
Monday, September 21, 2020
- Advertisements -
Banking Pressure builds on Buffett

Pressure builds on Buffett

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

Investor Warren Buffett could be pressured to buy back stock or consider a dividend if he doesn’t find a good use for Berkshire Hathaway’s $128 billion cash pile. “I think that investors are likely to be getting impatient here,” Edward Jones analyst Jim Shanahan said. Buffett hasn’t landed a major acquisition since 2016, when Berkshire bought Precision Castparts. Shanahan estimates that Berkshire has invested roughly $45 billion in smaller acquisitions, stock purchases and buybacks in the past three years.

Berkshire’s businesses generate about $2 billion in cash a month, so its money pile keeps growing. In recent years, Berkshire has repurchased only modest amounts of stock, and it hasn’t paid a dividend because Buffett believes he generates better returns by reinvesting Berkshire’s cash. Buffett is likely to brush off any fresh investor demands to spend on dividends and buybacks, as he continues waiting for attractive acquisition targets, said Andy Kilpatrick, who wrote “Of Permanent Value: The Story of Warren Buffett.” “There is a little pressure on him, but I think he can withstand it,” Kilpatrick said.

Berkshire Hathaway has several investments in Fort Worth area businesses, including Acme, Justin, TTI, Mouser and BNSF. 

- Advertisements -
- Advertisements -

Latest News

Initial public offerings scheduled to debut next week

Sep 18, 2020 3:00PM (GMT 20:00) - 90 words NEW YORK (AP) — The following is a list of initial...

Liz Weston: Some remote workers may be in for tax surprise

By LIZ WESTON of NerdWallet . If the pandemic caused you to...

Credit Union of Texas promotes several

Credit Union of Texas (CUTX) announced today that it has promoted several individuals to its upper management team. Courtney Coss has been...

PNC Bank adds new Waterside location

PNC Bank opened its second location in Fort Worth in mid-August located at Waterside. ( 3701 Vision...

GM Financial employees host Sept. 10 food drive

GM Financial employees in Fort Worth and Arlington are organizing a company food drive to gather non-perishable items for the Tarrant Area...