'We would love to see Apple buyback its stock": Warren Buffett - Insight Trending



Warren Buffett

Apple announced on tuesday $100 billion stock buyback program and
Warren Buffett embraced the apple buyback stock progarm.

"From our standpoint we would love to see Apple go down in price," he said at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday. "We very much approve of them repurchasing shares."
He said if a company's stock price goes lower, it's a positive because shareholders and the company gets to acquire shares at cheaper prices.

Berkshire bought 75 million shares of Apple during the first quarter. That adds to the 165.3 million shares Berkshire already owned at the end of 2017, making Berkshire one of the largest shareholders of Apple.


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