Posted 2/26/2024, 10:34:05 PM
Berkshire Hathaway Posts Strong Q4 Despite Concerns Over Size and Future Deals
- Berkshire Hathaway reported strong Q4 results with $37.4B in operating profit, though stock pulled back due to concerns over utility holdings
- CFRA analyst says "numbers were decent" given Berkshire's enormous size; strong insurance, reinsurance and commercial lines drove results
- Analyst notes it's difficult to "move the needle" for a company as large as Berkshire
- Letter addressed investor concerns like potential Occidental Petroleum and Japanese trading company acquisitions
- Berkshire has over $167B in cash, but tamping down expectations for more blockbuster deals due to already massive scale