Berkshire Hathaway After Warren Buffett: An Early Read on What Investors Can Expect
The Morning Filter
Greg Abel's First Shareholder Letter
Gregg summarizes Abel's 18-page letter, its tone, and key themes on priorities and culture.
In this bonus episode of The Morning Filter podcast, co-host Susan Dziubinski talks with Morningstar senior analyst Gregg Warren about Berkshire Hathaway now that Warren Buffett has stepped down as CEO. They cover where new CEO Greg Abel might focus his efforts first, how likely it is that Berkshire will make an acquisition in the near future, and why the firm won’t pay a dividend any time soon.
They also discuss if Berkshire will offload its big stake in Kraft Heinz, if the firm is likely to sell more of its stake in Apple AAPL and Bank of America BAC, and which stocks might be cut from its public portfolio. Is Berkshire still a good stock to buy today without Buffett in charge? Tune in to find out.
Episode Highlights
00:00:00 Welcome
00:07:42 What new Berkshire Hathaway BRK.A BRK.B CEO Greg Abel may do differently.
00:09:30 Berkshire will probably bail on Kraft Heinz KHC. Here’s which other stocks it might sell.
00:22:25 The acquisition that Berkshire Hathaway should make.
00:28:24 Why Berkshire stillwon’t pay a dividend despite its massive cash hoard.
00:31:25 Whether Berkshire Hathaway stock is a agood investmenttoday.
Read about topics from this episode.
Berkshire Hathaway: Greg Abel Goes Conservative With His Debut Annual Letter to Shareholders
Berkshire Hathaway Earnings: Cash Hits Record $373 Billion on Mostly Solid Results Across the Firm
Berkshire Hathaway: Apple and BofA Sales Fund Purchases of Chevron, Chubb, NYT, Domino’s, and Lamar https://www.morningstar.com/stocks/berkshire-hathaway-apple-bofa-sales-fund-purchases-chevron-chubb-nyt-dominos-lamar
Got a question for Dave? Send it to themorningfilter@morningstar.com.
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Viewers who’d like more information about any of the stocks Dave talked about today can visit Morningstar.com for more details. Subscribe to The Morning Filter to get notified when we post next. We’ll see you on Monday!
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