Warren Buffett has been a net seller of stocks for 11 consecutive quarters, focusing on intrinsic value. Berkshire Hathaway’s stock sales have increased, with a cash pile of $344 billion. Despite not buying much recently, Buffett may see an opportunity to start buying his favorite stock again, presenting a value for investors.

Buffett’s stock sales align with his investment strategy, pricing rather than timing purchases. He’s been actively buying back shares of Berkshire Hathaway since 2018 when the stock traded below intrinsic value. With declining stock prices and improved financials, Berkshire shares may be worth buying.

Berkshire Hathaway’s recent earnings disappointed investors, leading to a sell-off. Despite challenges with underwriting profits and write-downs on investments like Kraft Heinz, the book value per share has increased. Shares now trade at a price-to-book ratio of about 1.5, potentially attracting buyers due to intrinsic value.

Buffett’s investment decisions may be influenced by market trends and the need to bolster the railroad business. Berkshire’s balance sheet strength and lower reliance on insurance float suggest the stock should trade at a higher price-to-book value ratio. Shares may be more attractive after recent declines, making them a potential buy opportunity.

Read more at Yahoo Finance: After Sitting on the Sidelines For 14 Months, Warren Buffett Could Be Buying One of His Favorite Stocks Again