Berkshire Sold All of Its Domino's Stock. I Didn't. Here's Why.
I didn't follow Berkshire Hathaway and dump my Domino's stock.
Overview
Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB) jettisoned 16 stocks since new CEO Greg Abel took the reins earlier this year, including Domino's Pizza (NASDAQ:DPZ). The sale of Domino's marked a stark reversal as Berkshire had spent several quarters building up a nearly 10% stake in the pizza chain.
While Berkshire Hathaway's new CEO is getting out of Domino's stock, I'm still holding. Even though the pizza stock has hit a rough patch, I have confidence in the long-term growth story, including its ability to continue increasing the dividend.
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Originally published at www.fool.com.
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