Seven Corners today issued its writeup outlining a plan to increase shareholder value at General Motors (GM). If implemented, we believe that our plan would result in a 36% to 54% increase in the company’s market valuation in the next two years, representing an expected CAGR of between 20% and 27.5% (including dividends) vis-à-vis the current $38/share stock price. Please visit our Research Section to obtain a PDF copy the full writeup.
This is the fortieth (and final) in a series of blog posts that will analyze / summarize Warren Buffett's shareholder letters from 1977-2016. For all of the prior shareholder letters, see here. The 2016 letter weighs in at 15,520 words, a 4% decrease from 16,200 words the prior year. Berkshire's $27.5 billion increase in net worth during the year was 10.7% of beginning 2015 net worth. TO REPURCHASE SHARES, OR NOT TO REPURCHASE SHARES? Often a company will try to "increase sha