United States The company of major investor Warren Buffett says it has recovered well from the coronavirus pandemic

According to the company, even its most pandemic-affected operations have recovered significantly recently.

U.S. investor Warren Buffettin Berkshire Hathaway investment company said on Saturday it was recovering well from the coronavirus pandemic, according to the news agency Reuters.

According to the company, even its most pandemic-affected operations, such as subsidiaries specializing in the manufacturing and retail businesses, have recovered significantly recently.

According to the company, in some of the subsidiaries that have been particularly affected by the pandemic, operating profit has finally grown even higher than before the pandemic.

In its previous interim reports, the investment company has warned of the adverse effects of the pandemic on some of its operations. In the latest, however, there was no longer a similar warning.

Berkshire Hathaway has recently repurchased its own shares for as much as $ 1.9 billion, or about $ 1.6 billion, according to Reuters.

In total, Buffett’s company has bought back its own shares during the pandemic for about $ 39 billion, or about $ 33 billion.

Despite repurchases, the company had more than $ 144 billion in cash in June, or about $ 122.5 billion. One reason for this is that Berkshire Hathaway has recently sold more of its investments in the market than what it has bought new ones.

In June alone, the company sold $ 1.1 billion, or just over $ 900 million, more shares than it bought.

Analyst at finance company Edward Jones Jim Shanahan estimates to Reuters that Buffett is now having difficulty investing its capital in the market.

As early as May, Buffett estimated at his company’s annual meeting that the rapid recovery of the U.S. economy has taken on gambling-like features in the investment market.

“85 percent of the economy is currently going through really tough rounds,” he said at the time.

Read more: Major investor Warren Buffett: Rapid recovery in US economy has taken on gambling features in investment markets

The company the stock price has risen as much as 23.7 percent this year, while the U.S. S&P 500 index has risen 18.1 percent. The S&P 500 index includes the 500 largest companies in the United States with a market capitalization.

In 2020 and 2019, the Berkshire Hathaway rate did not reach the index average.

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