Berkshire Hathaway is updated and rated (higher) Buy at $80.94. The Q1 earnings just come out today and were quite good. In particular, the book value per share soared about 6.5% in the quarter due to gains on various investments. Berkshire will buy back shares if the price falls below $78.17 which is 110% of book value. If the economy keeps improving, even slowly, Berkshire should continue to have a strong year in 2012 and since the shares are only at 114% of book value, the shares would likely rise as earnings rise.
It was a weak day in the markets. Markets however are volatile by nature. It’s not something that should particularly concern long-term investors.