Buffett win thoroughly! Large scale repurchase boosts the stock price of Mitsubishi Corporation
白云追月素
发表于 2024-2-8 10:46:41
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[Buffett won the horse! The super large-scale repurchase boosted the stock price of Mitsubishi Corporation] On Wednesday local time, the stock price of Mitsubishi Corporation, one of the five largest Japanese businesses invested by Buffett, rose 9.7% in a large volume, hitting a new record high. The day before, the company announced plans to spend up to 500 billion yen (approximately 3.37 billion US dollars) to repurchase up to 10% of its shares and released better than expected quarterly results, with net profit nearly doubling for the quarter ending in December. It is worth mentioning that the five major Japanese companies, including Mitsubishi Corporation, have been continuously increasing their holdings under Buffett's Berkshire Hathaway since August 2020.
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