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Stock impact report

Buffett's Departure From Berkshire Hathaway Puts Spotlight on Greg Abel [Yahoo! Finance]

Home Depot, Inc. (The) (HD) 
Last home depot, inc. (the) earnings: 2/25 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.homedepot.com
Company Research Source: Yahoo! Finance
Greg Abel , his successor, took charge on the first day of the new year, stepping into a role fraught with challenges. What Happened : Abel's key responsibility will be the effective allocation of Berkshire's burgeoning cash reserves, which recently crossed the $350 billion mark. This amount surpasses the market values of Home Depot Inc. (NYSE: HD Procter & Gamble Co. (NYSE: PG ), and General Electric Co. (NYSE: GE As per the report by Insider, Abel could potentially use these funds for stock buybacks, acquisitions, or dividends for shareholders. However, these strategies have not yielded significant results for Berkshire in the recent past, with the company not repurchasing shares in its last five reported quarters and only once paying a dividend under Buffett's leadership, in 1967. Abel, who formerly led Berkshire's non-insurance businesses, is likely to face increased pressure from Wall Street and shareholders to put the cash to work compared to Buffett. Also Read: Warren Show less Read more
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