由沃伦•巴菲特(Warren Buffett)控股、业务涉足广泛的伯克希尔哈撒韦公司(Berkshire Hathaway)将首次回购自己的股票，因为这位“股神”认为，自己麾下这家公司的市值目前极为低廉。
该公司董事会表示，只要公司支付的溢价水平不超过目前账面价值的10%，且合并现金持有量不低于200亿美元，那么该公司就可能动用手中的现金储备，进行股票回购。
伯克希尔哈撒韦公司在一份声明中称：“按照我们的董事会和管理层的看法，伯克希尔的基础业务价值远高于当前水平……但任何估计都未必是准确的。”
投资者对巴菲特此举的解读是：这表明他相信，不会再次出现一场严重衰退或股市崩盘。巴菲特曾多次对华尔街的金融伎俩和模式进行抨击。
“如果巴菲特认为，未来存在哪怕一点点这种可能性，他也不会回购任何股票。他将持币观望，等待时机，”对冲基金T2 Partners的惠特尼•蒂尔森(Whitney Tilson)表示，“2008年，他曾投入500亿美元，他希望再次得到这样的机会。”T2 Partners的最大持股是伯克希尔哈撒韦公司的股票。
蒂尔森估计，今年第二季度末，伯克希尔哈撒韦公司拥有770亿美元现金及等价物。以此推算，巴菲特手中可用于回购的资金规模为570亿美元。
译者/梁艳裳
http://www.ftchinese.com/story/001040917
Berkshire Hathaway, the candy-to-cargo-train conglomerate controlled by Warren Buffett, will buy back its own shares for the first time, as the famed stock investor declared the market value of his own company to be extremely cheap.
Berkshire’s board said its cash hoard could be used for share buy-backs, provided the group paid no more than a 10 per cent premium to current book value and its consolidated cash holdings did not fall below $20bn.
“In the opinion of our board and management, the underlying businesses of Berkshire are worth considerably more ... though any such estimate is necessarily imprecise,” Berkshire said in a statement.
Investors interpreted the move by Mr Buffett, who has repeatedly attacked financial gimmickry and the fashions of Wall Street, as a sign of his confidence that there will not be another deep recession or stock market rout.
“If Buffett thought there was even a meaningful chance of that happening he would not buy back any stock. He would hang on to the cash and wait to put it to work,” said Whitney Tilson of T2 Partners, a hedge fund whose largest holding is Berkshire shares. “In 2008 he put $50bn to work – he would love to have that opportunity again.”
Mr Tilson estimates that Berkshire had $77bn in cash and equivalents at the end of the second quarter, giving Mr Buffett $57bn of dry powder.
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