Jim Cramer Explains Why Berkshire Hathaway “Underperformed of Late”

Berkshire Hathaway Inc. (NYSE:BRK-B) was among the stocks on Jim Cramer’s radar on Mad Money as he discussed the upcoming earnings. Cramer started his game plan with the stock and stated:

Let’s check the game plan. Alright, usually I start with Monday’s business, right? But we have a special on Saturday about Berkshire Hathaway in conjunction with their annual meeting, where Becky Quick and Mike Santoli will be in Omaha to introduce us formally to Greg Abel. He’s the successor to Warren Buffett.

Of course, no trip to Berkshire is complete without some wisdom from the Oracle himself. I know I’m going to be tuning in. What are you doing? And how exactly is Berkshire doing? Well, we’ll find out Saturday when the company actually reports first-quarter results. Stock’s underperformed of late. I think, you know what that is? It’s because there’s no longer that Buffett premium thanks to his retirement, but that could be very shortsighted. The company built its tremendous properties, super stocks in that portfolio.

Berkshire Hathaway Inc. (NYSE:BRK-B) is a conglomerate that operates a diverse range of businesses, including insurance, freight rail, utilities, manufacturing, retail, and consumer products. The company also provides construction materials, aerospace and industrial components, energy services, and financial and logistics solutions.

Berkshire Hathaway Inc. (NYSE:BRK-B) reported its Q1 earnings on May 2. The company posted $7,027 in net earnings per average equivalent of Class A share and $4.68 for Class B. It generated revenue of $93.7 billion, up 4.4% year-over-year, and reported operating earnings of $11.3 billion, up 17.7% year-over-year.

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