Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Greg Abel sends blunt message on Berkshire's $370 billion cash pile [Yahoo! Finance]

Stifel Financial Corporation (SF) 
Last stifel financial corporation earnings: 7/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: stifel.com/investor-relations
Company Research Source: Yahoo! Finance
The company failed to wow investors with its most recent set of earnings, falling short of expectations. And the latest stockholder letter didn't help. New CEO Greg Abel penning his first shareholder letter , struck a very cautious tone but made one thing crystal clear. Berkshire isn't in any mood to waste money. The investment company is sitting on a huge cash pile, but that is not something up for grabs. “While some of this capital is required to support our insurance operations and protect Berkshire against extreme scenarios, it also constitutes our dry powder,” Abel wrote. At the same time, Abel saw the need for a conciliatory tone. He said the company is not shying away from deal-making. “Many times in Berkshire's history, some observers have suggested that our substantial cash position signals a retreat from investing. It does not.” However, investors continue to ask the same questions they have had for years. When does that “dry powder” actually get deployed? More im Show less Read more
Impact Snapshot
Event Time:
SF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for SF alerts
Opt-in for
SF alerts

from News Quantified
Opt-in for
SF alerts

from News Quantified