Buffett: We Have Not Conducted Any Stock Buybacks So Far This Year
At the Berkshire Hathaway shareholders meeting, Buffett stated that so far this year, we have not conducted any stock buybacks, and our company's buyback mechanism is relatively conservative. The buyback of the company's own stock will incur high taxes, "which does indeed slightly reduce the attractiveness of buybacks," Buffett said, adding that if the company believes its stock is almost certainly undervalued, it will proceed with stock buybacks.
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