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Buffett's $111 Billion Cash Pile Intensifies Buyback Debate

  • Berkshire’s cash swells as firm reports second-quarter profit
  • Strong quarter could put buybacks out of reach, analyst says
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Cash Pile Swells at Buffett's Berkshire
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Warren Buffett’s Berkshire Hathaway Inc. gave him more leeway to make stock buybacks last month. Now, after the company said its cash pile has swelled to $111 billion, some investors are wondering when they might reap the benefits.

Berkshire’s second-quarter results released Saturday didn’t detail how many shares it was willing to repurchase, or at what price. But investors do know that the window is open: Last month, the company said it wouldn’t initiate buybacks until second-quarter earnings were made public.