Berkshire Hathaway - B (BRK.B)
by Zacks Equity ResearchSeptember 18, 2012 | Comments : 0 Recommended this article: (0)
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Though the company has witnessed fluctuating earnings between the quarters due to heavy exposure to stock option derivatives, most of these gains/losses are unrealized. Moreover, we expect its Finance and Financial products segment to continue improving, given the gradually recovering economy.
A solid balance sheet, adequate liquidity and continuing trend of growing book value are the other positives. Though a lack of clarity regarding CEO Warren Buffet's succession prevails, our six-month target price of $106.00 per share equates to about 18.7X our earnings estimate for 2012. This target price implies an expected total return of 20.0% over that period.
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