Standing out in today’s Buffettpalooza is a piece by Fortune’s Colin Barr on the widening gap between the prices of Berkshire Hathaway’s $78,600 Class A shares and the cheaper Class Bs.
“Because a Class A share is convertible at the holder’s request to 30 Class B shares, the Class B shares should trade for 1/30th the price of a Class A share — around $2,620, going by recent prices. But the cheaper shares closed Friday at just $2,564, a 2% discount to the price implied by the trading in the Class A shares. And over the past month, the Class B shares have traded at a discount of as much as 7% – the biggest gap on record, going by stock data provided by Yahoo Finance.”
Business Insider Emails & Alerts
Site highlights each day to your inbox.